Saturday, December 03, 2016

PALIN : TRUMP CARRIER DEAL IS CRONY CAPITALISM

Trump has been given nearly $1 billion of "tax breaks", i.e. free money, during his business career.

Sarah Palin is criticizing President-elect Donald Trump’s deal with Carrier, even as she is reportedly under consideration to serve as Trump's secretary of Veterans Affairs.

...“When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent,” Palin wrote. “Then, special interests creep in and manipulate markets. Republicans oppose this, remember?”

“Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is on big fail.”

Just ahead of Trump’s formal announcement of the deal at the Carrier plant in Indianapolis on Thursday, the Wall Street Journal reported that Carrier would receive $7 million in tax breaks over 10 years in order to keep the 1,100 jobs in Indiana.

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