Senator Bernie Sanders went on MSNBC to igniting to explain the inherent danger in Donald Trump’s new corporate welfare policy which gives massive tax cuts to global corporations like Carrier’s parents United Technologies, in exchange for outsourcing jobs anyhow. Sanders told Chris Hayes:
During the campaign, we had Donald Trump running around the country saying that he was going to be really tough on these corporations if they outsourced American jobs… he was gonna slap a yuuuge tariff on them. Well, that’s what he said in the campaign, but what he’s doing now is something very different. He’s saying that it’s ok for half of the jobs to go to Mexico where people earn $3 dollars an hour, and for the other half, we are going to give a very, very profitable corporation, United Technologies who earned $7 billion dollars last year a $7 million dollar tax break to keep the other half.
Make no mistake, this is corporate welfare at its lowest, paying tax money from Indiana’s hard working people to buy a Trump and easy photo op from a massive global conglomerate to keep some of the American jobs they’d like to export. The Senator from a Vermont is absolutely right; he says the President-elect’s rapid distribution of corporate welfare money to transfer wealth from ordinary people to corporations without stopping outsroucing is a dangerous precedent that smacks of crony capitalism.
Watch the rest of Senator Sanders’ takedown here:
Grant Stern is an Editor-At-Large for OccupyDemocrats and published author. His new Meet the Candidates 2020 book series is distributed by Simon and Schuster. He's also mortgage broker, community activist and radio personality in Miami, Florida., as well as the producer of the Dworkin Report podcast. Grant is also an occasional contributor to Raw Story, Alternet, and the DC Report. Find out more at grantstern.com.