evenflow1969
Gold Member
Unfortunately it takes year for tax abatements to pay off. Do you not understand how years of not paying off put these deals in the red and a few good years of economy does not return it to the black. Further more there has been little to no wage gain during the recovery. Some of them were just bad deals from the start where the companies that recieved them did not full fill thier promises.The economy was bad in 2015? 2009 I could see, but 2015? Unemployment was already down to like 6% in 2015Adults look at ech deal seperately and decide on fancts on the ground. My city has given away tax abatement after tax abatement that did not pay off for the city long term. A few did how ever pay off. It does not matter what letter was in front of the reps name a bad deal is a bad deal. In our case it was Dems and republicans alike making mistakes on these deals. The world is not as simple as republican good democrat bad or vise versa. It boils down to the fact that when giving tax abatement it is based on extrapolation which is never as accurate as interpolation. Almost no abatement payed off from 2005 to 2015 for my city. Of course the economy blew during this time.Problem is Republicans think all business is great. That business is on the side of the American people. That business is a kind of charity that hands out jobs to the undeserving.
Well as we know from Donald Trump, many business deals are actually scams that hurt a lot of people.
Problem is Republicans think all business is great.
Problem is Democrats think all government is great.