GoldenRod
10 years on LIF!
Member since 11/06 26792 total posts
Name:
Shawn
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More jobs shipped off-shore than previous 5 years...
https://www.huffingtonpost.com/entry/trump-carrier-offshoring-jobs_us_5a1f6f97e4b0a8581e67e62e?ncid=inblnkushpmg00000009
“Companies are not going to leave the United States anymore without consequences,” Trump, who was then president-elect, said last year at the Carrier plant, echoing a key campaign promise. “Not going to happen.”
It has continued to happen.
Though it seemed that Trump’s populist, anti-trade campaign and his surprising election victory heralded the beginning of a new protectionist era, companies have continued to lay off workers for trade-related reasons at roughly the same pace as in the previous five years.
More than 93,000 jobs have been eliminated due to foreign competition since Trump’s election, according to Labor Department data analyzed by Good Jobs Nation, a union-backed labor advocacy group. The previous five years saw an average of 87,500 jobs lost due to trade.
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“It’s extraordinarily frustrating,” Sen. Joe Donnelly, a Democrat from Indiana who has sought common ground with Trump on manufacturing, told HuffPost.
Donnelly and other Rust Belt Democrats have proposed legislation that would put companies that offshore jobs at a disadvantage in the federal procurement process. Donnelly spoke with the president about the proposal during several visits to the White House, including in September.
“I actually tried to get it included in the tax plan, and the president said, ‘I’m very supportive of that,’” Donnelly said. “But, nothing.”
Republicans have claimed their tax reform legislation would spur hiring in the U.S. by cutting corporate taxes and creating incentives for new capital investment. Companies themselves, however, have generally not indicated they’d use tax savings to hire more workers. Steven Rosenthal, an expert with the nonpartisan Tax Policy Center, has warned that international tax changes in the Republican plan could actually encourage firms to shift production overseas.
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Wow, imagine that... IQ45 has no idea about business, and how actual companies are run... and he broke YET ANOTHER of his false promises to his followers.
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