CNN article: States with the SWEETEST CORPORATE TAX BREAKS...Oregon gave over $2 BILLION TO NIKE

[ColonelAngus]

You snowflakes need to educate yourselves because you look like idiots.

States with sweetest corporate tax breaks

Hmmm.....

States looking to gin up jobs frequently offer sweet tax breaks to lure in new companies or keep businesses from bolting out of state.
But some breaks are considerably sweeter than others.


A new report calculates $64 billion worth of "megadeals" from the past few decades. The report looked at any tax subsidy that cost state and local governments at least $75 million in forgone revenue.

The largest corporations -- from the auto and oil industries to defense and banking -- were big beneficiaries, according to the report, put together by Good Jobs First, a group that tracks state and local tax subsidies.

Michigan offered the greatest number of megadeals -- 29 -- of any state. But New York topped the list in terms of the cumulative value of deals made -- an estimated $11.4 billion.

Among companies, the highest value subsidy went to Alcoa (AA), according to the report. New York offered the aluminium producer a 30-year discounted electricity deal to modernize a plant in 2007. The report estimates the deal's value at $5.6 billion. In exchange, Alcoa agreed to invest $600 million and protect a certain number of jobs.

Boeing (BA) was the recipient of an estimated $4.4 billion in big tax deals, according to the report's calculations. Of that amount, $3.2 billion came from Washington state to support Boeing's aircraft manufacturing facilities in 2003.

In terms of what was most frequently subsidized, the report found that more than half of the 240 deals were for manufacturing facilities. Another 47 were for office facilities such as corporate headquarters.

Related: The 'chicken poop' credit and other bad tax breaks

It identified a number of what it called "job blackmail megadeals" that came about when there was concern a company would pack its bags unless the state made staying more attractive. In this category, Good Jobs First estimated that Nike (NKE) got one of the sweetest deals at the end of 2012 to stay in Oregon -- a guarantee that its state tax computation wouldn't change for 30 years. The report valued that subsidy at $2.02 billion.

 

[TheOldSchool]

Carrier

 

[ColonelAngus]

Trump is POTUS for 4 years, and the snowflakes are trying VERY hard to make it 8 years.

Thanks, SNOWFLAKES! Make sure you tell the 1,000 CARRIER WORKERS that you would rather they lost their jobs.

 

[TheOldSchool]

Trump is POTUS for 4 years, and the snowflakes are trying VERY hard to make it 8 years.

Thanks, SNOWFLAKES! Make sure you tell the 1,000 CARRIER WORKERS that you would rather they lost their jobs.

Closer to 800. 1200 are still going btw. And Carrier can move those 800 whenever they want anyways.

 

[BluesLegend]

Let me set the record straight on Oregon. Oregon is run by insane tax and spend liberals. A few years ago they proposed slamming businesses with a multi billion dollar tax increase and it was Nike and other large manufacturing businesses who threatened Oregon, back off or they would pack up and leave. The Oregon libs folded like a cheap lawn chair. Of course businesses without that kind of clout got fucked over by the tax.

The state budget in Oregon used to be $2 billion, then a few hundred thousand Californians moved to Oregon, now the state budget is over $50 billion. The state's largest employer by far...the state of Oregon.

 

[ColonelAngus]

Let me set the record straight on Oregon. Oregon is run by insane tax and spend liberals. A few years ago they proposed slamming businesses with a multi billion dollar tax increase and it was Nike and other large manufacturing businesses who threatened Oregon, back off or they would pack up and leave. The Oregon libs folded like a cheap lawn chair. Of course businesses without that kind of clout got fucked over by the tax.

The state budget in Oregon used to be $2 billion, then a few hundred thousand Californians moved to Oregon, now the state budget is over $50 billion. The state's largest employer by far...the state of Oregon.

So OREGON "PAID OFF NIKE"?

Damn, those liberal politicians are puppets of BIG BUSINESS!!!!

 

[BluesLegend]

Let me set the record straight on Oregon. Oregon is run by insane tax and spend liberals. A few years ago they proposed slamming businesses with a multi billion dollar tax increase and it was Nike and other large manufacturing businesses who threatened Oregon, back off or they would pack up and leave. The Oregon libs folded like a cheap lawn chair. Of course businesses without that kind of clout got fucked over by the tax.

The state budget in Oregon used to be $2 billion, then a few hundred thousand Californians moved to Oregon, now the state budget is over $50 billion. The state's largest employer by far...the state of Oregon.

So OREGON "PAID OFF NIKE"?

Damn, those liberal politicians are puppets of BIG BUSINESS!!!!

Oregon liberals are bullies and cowards. If you are big enough to fight back they will run and hide. Everyone else including the poor get fucked over. The left flap their big fat lying mouths about how they care for the poor...guess what the poor pay in income tax in Oregon...yeah 9% WHACK! And you hit that rate with only $8k of earnings they tax the shit out of the poor and middle class.

 

[ColonelAngus]

Let me set the record straight on Oregon. Oregon is run by insane tax and spend liberals. A few years ago they proposed slamming businesses with a multi billion dollar tax increase and it was Nike and other large manufacturing businesses who threatened Oregon, back off or they would pack up and leave. The Oregon libs folded like a cheap lawn chair. Of course businesses without that kind of clout got fucked over by the tax.

The state budget in Oregon used to be $2 billion, then a few hundred thousand Californians moved to Oregon, now the state budget is over $50 billion. The state's largest employer by far...the state of Oregon.

So OREGON "PAID OFF NIKE"?

Damn, those liberal politicians are puppets of BIG BUSINESS!!!!

Oregon liberals are bullies and cowards. If you are big enough to fight back they will run and hide. Everyone else including the poor get fucked over. The left flap their big fat lying mouths about how they care for the poor...guess what the poor pay in income tax in Oregon...yeah 9% WHACK! And you hit that rate with only $8k of earnings they tax the shit out of the poor and middle class.

...and you are not allowed to pump your own gas....so they have corporate subsidized welfare, essentially.

Think about how much liberal snowflakes DEMAND they control your life.....you are not allowed to pump your own gas in Oregon.

 

[ColonelAngus]

Snowflakes are OK with OBAMA'S $1.7 TRILLION Troubled Asset Relief Program (TARP) to save jobs and businesses......BUT THEY ARE MAD AT A $700,000 TAX INCENTIVE BY THE STATE OF INDIANA FOR CARRIER TO STAY.

$700/JOB.

How much would those 1,000 people get from the GOVERNMENT if they were UNEMPLOYED?

ONE METRIC FUCK TON MORE THAN $700/JOB....that's for damn sure.

 

[BluesLegend]

Let me set the record straight on Oregon. Oregon is run by insane tax and spend liberals. A few years ago they proposed slamming businesses with a multi billion dollar tax increase and it was Nike and other large manufacturing businesses who threatened Oregon, back off or they would pack up and leave. The Oregon libs folded like a cheap lawn chair. Of course businesses without that kind of clout got fucked over by the tax.

The state budget in Oregon used to be $2 billion, then a few hundred thousand Californians moved to Oregon, now the state budget is over $50 billion. The state's largest employer by far...the state of Oregon.

So OREGON "PAID OFF NIKE"?

Damn, those liberal politicians are puppets of BIG BUSINESS!!!!

Oregon liberals are bullies and cowards. If you are big enough to fight back they will run and hide. Everyone else including the poor get fucked over. The left flap their big fat lying mouths about how they care for the poor...guess what the poor pay in income tax in Oregon...yeah 9% WHACK! And you hit that rate with only $8k of earnings they tax the shit out of the poor and middle class.

...and you are not allowed to pump your own gas....so they have corporate subsidized welfare, essentially.

Think about how much liberal snowflakes DEMAND they control your life.....you are not allowed to pump your own gas in Oregon.

Portland passed a law making it illegal for a homeowner to cut down their own trees...then passed a leaf cleanup tax on homeowners.

 

[ColonelAngus]

Let me set the record straight on Oregon. Oregon is run by insane tax and spend liberals. A few years ago they proposed slamming businesses with a multi billion dollar tax increase and it was Nike and other large manufacturing businesses who threatened Oregon, back off or they would pack up and leave. The Oregon libs folded like a cheap lawn chair. Of course businesses without that kind of clout got fucked over by the tax.

The state budget in Oregon used to be $2 billion, then a few hundred thousand Californians moved to Oregon, now the state budget is over $50 billion. The state's largest employer by far...the state of Oregon.

So OREGON "PAID OFF NIKE"?

Damn, those liberal politicians are puppets of BIG BUSINESS!!!!

Oregon liberals are bullies and cowards. If you are big enough to fight back they will run and hide. Everyone else including the poor get fucked over. The left flap their big fat lying mouths about how they care for the poor...guess what the poor pay in income tax in Oregon...yeah 9% WHACK! And you hit that rate with only $8k of earnings they tax the shit out of the poor and middle class.

...and you are not allowed to pump your own gas....so they have corporate subsidized welfare, essentially.

Think about how much liberal snowflakes DEMAND they control your life.....you are not allowed to pump your own gas in Oregon.

Portland passed a law making it illegal for a homeowner to cut down their own trees...then passed a leaf cleanup tax on homeowners.

Awesome!

Oregon has ALOT of manufacturing plants, particularly for TECH companies like INTEL.

I GUARANTEE they ALL get tax breaks from the state of Oregon.


When snowflakes claim there is something nefarious about Indiana giving tax incentives to CARRIER, all they are really doing is showing how focking stupid they are.

These are the same assholes who cried about the nuance between a "WALL" and a "FENCE" for the border barrier.

Trump trolled them so hard!

"Elections have consequences, and at the end of the day I won." - BARACK HUSSEIN OBAMA.

 

[GHook93]

You snowflakes need to educate yourselves because you look like idiots.

States with sweetest corporate tax breaks

Hmmm.....

States looking to gin up jobs frequently offer sweet tax breaks to lure in new companies or keep businesses from bolting out of state.
But some breaks are considerably sweeter than others.


A new report calculates $64 billion worth of "megadeals" from the past few decades. The report looked at any tax subsidy that cost state and local governments at least $75 million in forgone revenue.

The largest corporations -- from the auto and oil industries to defense and banking -- were big beneficiaries, according to the report, put together by Good Jobs First, a group that tracks state and local tax subsidies.

Michigan offered the greatest number of megadeals -- 29 -- of any state. But New York topped the list in terms of the cumulative value of deals made -- an estimated $11.4 billion.

Among companies, the highest value subsidy went to Alcoa (AA), according to the report. New York offered the aluminium producer a 30-year discounted electricity deal to modernize a plant in 2007. The report estimates the deal's value at $5.6 billion. In exchange, Alcoa agreed to invest $600 million and protect a certain number of jobs.

Boeing (BA) was the recipient of an estimated $4.4 billion in big tax deals, according to the report's calculations. Of that amount, $3.2 billion came from Washington state to support Boeing's aircraft manufacturing facilities in 2003.

In terms of what was most frequently subsidized, the report found that more than half of the 240 deals were for manufacturing facilities. Another 47 were for office facilities such as corporate headquarters.

Related: The 'chicken poop' credit and other bad tax breaks

It identified a number of what it called "job blackmail megadeals" that came about when there was concern a company would pack its bags unless the state made staying more attractive. In this category, Good Jobs First estimated that Nike (NKE) got one of the sweetest deals at the end of 2012 to stay in Oregon -- a guarantee that its state tax computation wouldn't change for 30 years. The report valued that subsidy at $2.02 billion.

Why is NY's tax breaks so great? Because their tax and regulatory burdens are insanely high.

The big guys get the tax breaks, but the little guys get hit with the insane burdens


Sent from my iPhone using USMessageBoard.com

 

[Timmy]

I thought the US taxes were bad for biz .

But then big biz gets all kinds of breaks?

So which is it?

 

[MindWars]

You snowflakes need to educate yourselves because you look like idiots.

States with sweetest corporate tax breaks

Hmmm.....

States looking to gin up jobs frequently offer sweet tax breaks to lure in new companies or keep businesses from bolting out of state.
But some breaks are considerably sweeter than others.


A new report calculates $64 billion worth of "megadeals" from the past few decades. The report looked at any tax subsidy that cost state and local governments at least $75 million in forgone revenue.

The largest corporations -- from the auto and oil industries to defense and banking -- were big beneficiaries, according to the report, put together by Good Jobs First, a group that tracks state and local tax subsidies.

Michigan offered the greatest number of megadeals -- 29 -- of any state. But New York topped the list in terms of the cumulative value of deals made -- an estimated $11.4 billion.

Among companies, the highest value subsidy went to Alcoa (AA), according to the report. New York offered the aluminium producer a 30-year discounted electricity deal to modernize a plant in 2007. The report estimates the deal's value at $5.6 billion. In exchange, Alcoa agreed to invest $600 million and protect a certain number of jobs.

Boeing (BA) was the recipient of an estimated $4.4 billion in big tax deals, according to the report's calculations. Of that amount, $3.2 billion came from Washington state to support Boeing's aircraft manufacturing facilities in 2003.

In terms of what was most frequently subsidized, the report found that more than half of the 240 deals were for manufacturing facilities. Another 47 were for office facilities such as corporate headquarters.

Related: The 'chicken poop' credit and other bad tax breaks

It identified a number of what it called "job blackmail megadeals" that came about when there was concern a company would pack its bags unless the state made staying more attractive. In this category, Good Jobs First estimated that Nike (NKE) got one of the sweetest deals at the end of 2012 to stay in Oregon -- a guarantee that its state tax computation wouldn't change for 30 years. The report valued that subsidy at $2.02 billion.

Most have to many holes in their heads to realize corporate power, control, and greed.
Don't want pot legalized just get the companies to donate big bucks, there yah go pot is still illegal. lol

 

[ColonelAngus]

So, snowflakes....

....if Oregon gave Nike $2.2 billion in tax incentives to keep their Beaverton presence, why is it bad that Indiana gave Carrier $7 million?

It's either HORRIBLE for both or GREAT for both.......correct?

There isn't a DOUBLE STANDARD for snowflakes, is there?

 

[GHook93]

So, snowflakes....

....if Oregon gave Nike $2.2 billion in tax incentives to keep their Beaverton presence, why is it bad that Indiana gave Carrier $7 million?

It's either HORRIBLE for both or GREAT for both.......correct?

There isn't a DOUBLE STANDARD for snowflakes, is there?

Because Trump didn't initiate the Nike incentive. If he did and saved jobs, then it would be bad. Don't you get it.


Sent from my iPhone using USMessageBoard.com

 

[ColonelAngus]

For a corporation that paid $10 billion in taxes for 2015 at 35% corporate tax rate, at 15%, they would pay about $4 billion in taxes.

That is an extra $6 billion in net income for the corporation to spend on expansion....capacity, manufacturing, employees, offices, advertising.... Each of those generates jobs and commerce that are BOTH taxed.

Creating private sector jobs is truly how you grow the economy....not taxing the shit out of those willing to work and redistributing those taxes to those unwilling to work. That is GUARANTEED FAILURE.

If you don't think it will be fantastic for the economy for corporate tax rates to drop from 35% to 15%, you don't know shit about corporate finance.

 

[ColonelAngus]

Anyone parroting the "TAX BREAKS FOR RICH CORPORATIONS" mantra of the left is either an idiot or a sheep.

"RICH CORPORATIONS" are a collection of HUMAN BEINGS.

In the case of CARRIER......1100 PERMANENT JOBS were saved for a $7 million tax break over 10 years...or $700,000/YEAR for a TOTAL OF 1100 jobs.

For those snowflakes that can't do math, $700,000/year for 1100 jobs amounts to a tax break to Carrier of $636/year/job.

SIX HUNDRED AND THIRTY SIX DOLLARS PER JOB PER YEAR.

Now, ask yourself how much the FED would pay in UNEMPLOYMENT and WELFARE for those 1100 people if they were UNEMPLOYED? WAY WAY WAY more than $636/year!

 

[Wyatt earp]

Well this thread will die quick , no libs will dare enter lol


.

 

[koshergrl]

Let me set the record straight on Oregon. Oregon is run by insane tax and spend liberals. A few years ago they proposed slamming businesses with a multi billion dollar tax increase and it was Nike and other large manufacturing businesses who threatened Oregon, back off or they would pack up and leave. The Oregon libs folded like a cheap lawn chair. Of course businesses without that kind of clout got fucked over by the tax.

The state budget in Oregon used to be $2 billion, then a few hundred thousand Californians moved to Oregon, now the state budget is over $50 billion. The state's largest employer by far...the state of Oregon.

So OREGON "PAID OFF NIKE"?

Damn, those liberal politicians are puppets of BIG BUSINESS!!!!

Oregon liberals are bullies and cowards. If you are big enough to fight back they will run and hide. Everyone else including the poor get fucked over. The left flap their big fat lying mouths about how they care for the poor...guess what the poor pay in income tax in Oregon...yeah 9% WHACK! And you hit that rate with only $8k of earnings they tax the shit out of the poor and middle class.

...and you are not allowed to pump your own gas....so they have corporate subsidized welfare, essentially.

Think about how much liberal snowflakes DEMAND they control your life.....you are not allowed to pump your own gas in Oregon.

Portland passed a law making it illegal for a homeowner to cut down their own trees...then passed a leaf cleanup tax on homeowners.

Awesome!

Oregon has ALOT of manufacturing plants, particularly for TECH companies like INTEL.

I GUARANTEE they ALL get tax breaks from the state of Oregon.


When snowflakes claim there is something nefarious about Indiana giving tax incentives to CARRIER, all they are really doing is showing how focking stupid they are.

These are the same assholes who cried about the nuance between a "WALL" and a "FENCE" for the border barrier.

Trump trolled them so hard!

"Elections have consequences, and at the end of the day I won." - BARACK HUSSEIN OBAMA.

Yeah but they forced all the mills closed, effectively shutting down the economy of rural Oregon.