Last night, President-Elect Donald Trump toured the Carrier factory in Indiana and bragged that he had used the power of the federal government to leverage the company into keeping jobs in the United States.
To recount from yesterday, here were the basic details of the deal: Vice President-Elect Mike Pence, who is also Governor of Indiana, offered $7 million in tax breaks to Carrier. They turned it down originally, since it would cost them $65 million to keep the jobs in Indiana. What changed their mind? Trump reportedly threatened the withdrawal of federal defense contracts from Carrier’s parent company, United Technologies, which has $6.7 billion in business with the feds. Trump also threatened to increase tariffs on companies reimporting product after shipping jobs out of the country.
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