Penelope
Diamond Member
- Jul 15, 2014
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Tax abatements are a common tool used by governments to stimulate economic development, but the taxpayer costs of such agreements are often hidden. This is a problem, because the cost of such corporate handouts from state and local governments is estimated to be as high as $70 billion per year.
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One of the most recent and heavily publicized such examples was the $7 million in tax credits and grants that Indiana provided to Carrier Corporation to prevent it from relocating jobs to Mexico. The size of this deal is relatively small in relation to the $1.4 billion Nevada gave Tesla or the $8.7 billion Washington gave Boeing, and it's likely that few people would have known about the deal had it not been reported so heavily by the media because of President Donald Trump's involvement. The new reporting rule will help illuminate these kind of deals in thousands of local governments across the U.S.
https://www.usnews.com/opinion/economic-intelligence/articles/2017-09-11/tax-abatement-reports-will-help-expose-government-handouts-to-corporations
Farm Subsidies Top $28 Billion
Agriculture | Quick Take
Jan 9, 2001 | 3 min read | Print Article
The top 1 percent of farmers receive an average of $616,000 from the government, while the top 10 percent of farmers received an average of $308,000 each over the last four years.
Farm Subsidies Top $28 Billion | Taxpayers for Common Sense
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Note the date of Farm subsidies, we have been giving them subsidies forever. Then we the consumer pays for the rising costs of food, the local taxes and state taxes the corps don't pay.
Who says the US is not a socialized nation, we give to capitalists so the CEO and owners can make billions.
Instead of given out more in food stamps they are taking them away.
Instead of money going to public schools we now give it to private schools.
Instead of healthcare for all, we can't as the money needs to go to corps, farmers and the military.
Prisons are big business now, we also subsidize them and pay for them.
Instead of improving HUD, a subsidized housing program, they are going to raise rents , and even on seniors and they do not have enough of them already.
I am going to give a break and not get into the small daycare hand outs. You know those under 6 kids.
Who do you think pays for this??? And the GOP has the guts to talk about Medicare , Medicaid, Hud, SNap and Chip. Yet we are afraid Of "Socialism" for the working poor?
snip
One of the most recent and heavily publicized such examples was the $7 million in tax credits and grants that Indiana provided to Carrier Corporation to prevent it from relocating jobs to Mexico. The size of this deal is relatively small in relation to the $1.4 billion Nevada gave Tesla or the $8.7 billion Washington gave Boeing, and it's likely that few people would have known about the deal had it not been reported so heavily by the media because of President Donald Trump's involvement. The new reporting rule will help illuminate these kind of deals in thousands of local governments across the U.S.
https://www.usnews.com/opinion/economic-intelligence/articles/2017-09-11/tax-abatement-reports-will-help-expose-government-handouts-to-corporations
Farm Subsidies Top $28 Billion
Agriculture | Quick Take
Jan 9, 2001 | 3 min read | Print Article
The top 1 percent of farmers receive an average of $616,000 from the government, while the top 10 percent of farmers received an average of $308,000 each over the last four years.
Farm Subsidies Top $28 Billion | Taxpayers for Common Sense
----------------------------------------------------------------------
Note the date of Farm subsidies, we have been giving them subsidies forever. Then we the consumer pays for the rising costs of food, the local taxes and state taxes the corps don't pay.
Who says the US is not a socialized nation, we give to capitalists so the CEO and owners can make billions.
Instead of given out more in food stamps they are taking them away.
Instead of money going to public schools we now give it to private schools.
Instead of healthcare for all, we can't as the money needs to go to corps, farmers and the military.
Prisons are big business now, we also subsidize them and pay for them.
Instead of improving HUD, a subsidized housing program, they are going to raise rents , and even on seniors and they do not have enough of them already.
I am going to give a break and not get into the small daycare hand outs. You know those under 6 kids.
Who do you think pays for this??? And the GOP has the guts to talk about Medicare , Medicaid, Hud, SNap and Chip. Yet we are afraid Of "Socialism" for the working poor?
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