The trouble with the Trump-Pence Carrier deal: Giving away tax benefits to get jobs to stay is woefully inefficient
People want and need high-quality jobs. Air conditioning and heating manufacturer Carrier has reached a deal with President-elect Donald Trump and Vice-president-elect Mike Pence to keep close to 1,000 jobs in Indiana.
That’s good news to those who get to keep their jobs.
But the announcement raises questions on how the new administration will boost jobs and incomes for America’s middle class on a sustained basis. In fact, though many details have yet to emerge, this deal likely wasted a lot of taxpayer dollars — dollars that could have gone to helping more people support themselves and their families over a longer period of time and at lower costs.
The above excerpt was originally published in New York Daily News. Click here to view the full article.