CRAPITALISM

Carrier Getting $7 Million in Tax Breaks for Trump ‘Jobs’ Deal

Chris Bergin/Reuters

U.S. President-Elect Donald Trump speaks at an event at Carrier HVAC plant in Indianapolis, Indiana, U.S., December 1, 2016.

Carrier Corp.’s parent company, United Technologies Corp., will receive $7 million in tax breaks from the state of Indiana over a period of 10 years, according to a report. The deal, which was negotiated and championed by President-elect Donald Trump and Vice President-elect Mike Pence, is contingent upon Carrier keeping 1,000 jobs in the U.S. Trump and Pence are expected to speak on the agreement later Thursday. Trump has been criticized from across the political spectrum for intervening, with many accusing the president-elect of employing cronyist tactics to give special treatment to certain private companies and industries. Additionally, as Bloomberg noted, even though Trump claims this as a jobs victory, Carrier will still move 1,300 jobs to Mexico.