By Bernie Sanders
Source: The Washington Post

Today, about 1,000 Carrier workers and their families should be
rejoicing. But the rest of our nation’s workers should be very nervous.
President-elect Donald Trump will reportedly
announce a deal
with United Technologies, the corporation that owns Carrier, that keeps
less than 1,000 of the 2,100 jobs in America that were previously
scheduled to be transferred to Mexico. Let’s be clear: It is not good
enough to save
some of these jobs. Trump made a promise that he would
save all of these jobs,
and we cannot rest until an ironclad contract is signed to ensure that
all of these workers are able to continue working in Indiana without
having their pay or benefits slashed.
In exchange for allowing United Technologies to
continue to offshore more than 1,000 jobs, Trump will reportedly give the company
tax and regulatory favors that the corporation has sought. Just a short few months ago, Trump was pledging to force United Technologies to “
pay a damn tax.”
He was insisting on very steep tariffs for companies like Carrier that
left the United States and wanted to sell their foreign-made products
back in the United States. Instead of a damn tax, the company will be
rewarded with a damn tax
cut. Wow! How’s that for standing up
to corporate greed? How’s that for punishing corporations that shut down
in the United States and move abroad?
In essence, United
Technologies took Trump hostage and won. And that should send a shock
wave of fear through all workers across the country.
Trump has endangered the jobs of workers who were previously safe in the
United States. Why? Because he has signaled to every corporation in
America that they can threaten to offshore jobs in exchange for
business-friendly tax benefits and incentives. Even corporations that
weren’t thinking of offshoring jobs will most probably be reevaluating
their stance this morning. And who would pay for the high cost for tax
cuts that go to the richest businessmen in America? The working class of
America.
Let’s be clear. United Technologies is not going broke. Last year, it made a profit of
$7.6 billion and received more than
$6 billion in defense contracts.
It has also received more than $50 million from the Export-Import Bank
and very generous tax breaks. In 2014, United Technologies gave its
former chief executive
Louis Chenevert a golden parachute worth more than $172 million. Last year, the company’s five highest-paid executives
made more than $50 million. The firm also
spent $12 billion to inflate its stock price instead of using that money to invest in new plants and workers.
Does
that sound like a company that deserves more corporate welfare from our
government? Trump’s Band-Aid solution is only making the problem of
wealth inequality in America even worse.
I said
I would work with Trump
if he was serious about the promises he made to members of the working
class. But after running a campaign pledging to be tough on corporate
America, Trump has hypocritically decided to do the exact opposite. He
wants to treat corporate irresponsibility with kid gloves. The problem
with our rigged economy is not that our policies have been too tough on
corporations; it’s that we haven’t been tough enough.
We need to re-instill an ethic of corporate patriotism. We need to
send a very loud and clear message to corporate America: The era of
outsourcing is over. Instead of offshoring jobs, the time has come for
you to start bringing good-paying jobs back to America.
If United
Technologies or any other company wants to keep outsourcing
decent-paying American jobs, those companies must pay an outsourcing tax
equal to the amount of money they expect to save by moving factories to
Mexico or other low-wage countries. They should not receive federal
contracts or other forms of corporate welfare. They must pay back all of
the tax breaks and other corporate welfare they have received from the
federal government. And they must not be allowed to reward their
executives with stock options, bonuses or golden parachutes for
outsourcing jobs to low-wage countries. I will soon be introducing the
Outsourcing Prevention Act, which will address exactly that.
If Donald Trump won’t stand up for America’s working class, we must.