In March 2016, the Carrier air conditioning company announced it would move 1,400 jobs from the U.S. state of Indiana to Mexico. In November 2016 U.S. President-elect Donald Trump and Carrier announced a deal which would keep 1,000 jobs in Indiana in exchange for $7 million in tax breaks. Proponents argue that the deal prevented jobs from moving overseas and will help grow the U.S. economy. Opponents argue that the deal will encourage more private companies to make threats about job losses in exchange for tax breaks. Reducing corporate tax rates, business taxes and the Fed reducing interest rates would fix this in bringing down the dollar so companies would stay in the US.
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