Carrier Got A Taxpayer Handout Because Trump Holds Investment In Their Parent Company

Last updated on July 17th, 2023 at 09:37 pm

The Carrier deal has turned into a prime example of the sorts of conflicts of interest that will be coming to the White House with Donald Trump. It turns out the president-elect gave Carrier $7 million in taxpayer money and he is invested in Carrier’s parent company, United Technologies.

The Democratic Coalition Against Trump exposed the conflict of interest, “The Democratic Coalition Against Trump revealed on Friday afternoon that President-elect Trump owns stock in Carrier Corporation’s parent company, United Technologies, as part of its #TrumpLeaks program. The coalition has been using #TrumpLeaks to reveal information uncovered by its investigative unit about the President-elect since September of this year. According to the 104-page financial disclosure form that all candidates running for President are required to fill out, Trump made between $2,501 and $5,000 in interest from an investment in United Technologies. The entry in the financial disclosure can be found on page number 45 under Part 6. The full financial disclosure can be found online here.”

The Trump administration is going to throw the free market out the window and pick winners and losers in our economy. Companies that Trump owns stock in have a much better chance of being picked to be a winner than those that he and his family aren’t invested in.

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The Trump/Carrier deal is a textbook example of the sort of conflict of interest that no president should ever be exposed to. Trump has proven that he can’t be trusted to make decisions that will benefit the country. The Trump administration is going to be corporate owned, corporate run, and will use the powers of the federal government to benefit corporations and special interest.

As President-elect, Trump is only looking out for himself. He personally stands to benefit from the Carrier deal, and it probably won’t be the last time that Trump uses the presidency to enrich himself and his family.

Jason Easley

Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.

Awards and  Professional Memberships

Member of the Society of Professional Journalists and The American Political Science Association