Trump calls the Carrier deal a ‘massive’ tax cut for the rich

Donald Trump, the Republican presidential candidate, called the Carrier Corp. deal a “massive tax cut” for the wealthy and vowed to “rip it up.”

The deal, which Carrier says will save it $3.5 billion in federal tax revenues over the next four years, is being considered by the Republican-led House and Senate, with the Senate approving the deal in December.

Trump has also vowed to cut taxes on corporations and the wealthy, and he promised to lower the corporate tax rate to 15 percent in his first 100 days in office.

But Carrier says the plan is an incentive for it to move production to Mexico, and it would save $7.6 billion in taxes on an average of $9.4 billion in annual income.

Trump’s claim of a massive tax cut came during an interview with ABC News’ George Stephanopoulos on Sunday.

The Carrier deal, Trump said, would save the company $3 billion in income over four years.

It’s the second-largest tax cut in U.S. history.

The company says it would take 1,100 jobs from Indiana to Mexico and pay a $1,500 tax credit to workers who receive their benefits from the deal.

But critics say the plan would be a boon to corporate profits and that workers would be left jobless and with no job security.

The U.K. has said that it has no plans to leave the European Union, despite the Carrier agreement, because of its desire to keep British goods and services.

Sponsorship Levels and Benefits

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