Don’t be fooled by President-elect Donald Trump’s “deal” with air conditioning manufacturer Carrier. It’s not a deal, it’s a bribe—a bad one. And it’s a fraud.
Trump and Vice President-elect Mike Pence rewarded Carrier with $7 million in tax incentives only after the company threatened to send 2,000 jobs overseas. For all of Trump’s tough talk about companies facing consequences for moving jobs out of the United States, it appears that his plan in practice is to line companies’ pockets as these companies continue to lay off their workers.
The above excerpt was originally published in Newsweek.
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