President-elect Donald Trump has been busy lately throwing down the hammer on American companies planning to depart for other countries to save on their dime.
Now we’re learning that Trump has implemented a massive threat to any American business attempting to leave the country in pursuit of profits.
He’s about to slap a 35 percent tax on any company that moves jobs or operations to any other country – and this coming from a successful deal with Carrier to keep roughly 1,100 here in the states.
Donald Trump explained his plan on Twitter to his 15 million followers, which needed six posts of 140 characters to get his message across.
Trump’s paraphrased Tweet read:
“The U.S. is going to substantially reduce taxes and regulations on businesses. But any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. without retribution or consequence, is WRONG!
There will be a tax on our soon to be strong border of 35% for these companies … Please be forewarned prior to making a very expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS.”
The string of tweets followed Trump’s success in acquiring a deal with the Carrier furnace and air-conditioning manufacturer to keep their jobs in Indiana, instead of moving them to Mexico where labor costs are significantly less expensive.
On the campaign trail, Trump promised Carrier employees – and other factory workers along the way – the return of good-paying manufacturing jobs or to maintain those they already have.
A major part of Trump’s success on Election Day was clearly due to the economically challenged Midwest and Rust Belt states.
On top of closing the deal with Carrier, Trump is reportedly doing the same with Ford automotives and Nabisco, the snack food giant, from exporting their manufacturing jobs.
But liberals and conservatives alike have criticized the Carrier deal – a deal which purportedly includes $6 million in tax incentives and $1 million in job-training grants over 10 years. But these critics couldn’t be further from the truth.
Among them are self-described socialist and 2016 Democratic presidential candidate Bernie Sanders and 2008 GOP vice-presidential nominee Sarah Palin, who suggest the deal was an example of “crony capitalism.”
But crony capitalism is an economy in which success in the free market is dictated by business owners and government officials having mutual beneficial relationships. It’s essentially favoritism.
This isn’t Donald Trump’s plan.
His plan is for the people – to keep jobs and create new ones. A man who hits the campaign trail that hard, and then once elected decides to depart for a “thank you tour” on his own dime, has nothing but the most benevolent intentions for the American people.
The business’ success is a by-product of Trump’s ultimate goal, which is to strengthen the working middle class.
Vice President-elect Mike Pence, who remains governor of Indiana until next month, defended Trump’s effort regarding Carrier on NBC’s “Meet the Press”.
Pence acknowledged that he could not have brokered the deal while he was governor:
“We were heartbroken when we heard Carrier was pulling up stakes. The only reason Carrier is staying in the United States is because Donald Trump was elected president.”
This is why the American people put a businessman in office, because some of these politicians seem to be inept in that department.