12-03-2016, 12:07 PM
Carrier said they would save $65 million per year by moving to Mexico. $7 million in tax credits spread over 10 years far from makes up for that. It was promises of (or threats to lose) federal subsidies, the details of which haven’t been revealed, that changed their mind about leaving. Their parent company United Technologies, the US’s 8th largest federal contractor, received $6.7 billion in 2015.