Example:
Rick Perry gives Toyota millions $ in Taxpayer money to move a plant to Texas. Does Toyota need that money? They are the most profitable company in the world. That money would buy a lot of food stamps that you guys are yelling about.
Perry has about 3 slush funds, again taxpayer money, that he uses to pay friends to run companies that go broke or do not meet the hiring employee quoatas that were a condition of the gift
How much taxpayer money did Perry give Toyota?
$40 million of taxpayer money.
This was reported in the Texas Monthly, the Houstion Chronicle and several other places as well. It was on TV. To answer your question I did a google search and the first one I found is this. The paper and the magazine said the same things.
Rick Perry Wasted $40 Million on Toyota - The Texas Observer
Rick Perry Wasted $40 Million on Toyota
by Forrest Wilder Published on Friday, May 2, 2014, at 2:35 CST
If there was any lingering doubt that Gov. Rick Perrys Texas Enterprise Fund functions more as a corporate cookie jar than a deal-closing job machine, it should surely be put to rest with todays news. Earlier this week, Perry announced that Toyota would receive $40 million to move its North American headquarters from California to Plano. In a press release, Perry crowed, Toyota understands that Texas employer-friendly combination of low taxes, fair courts, smart regulations and world-class workforce can help businesses of any size succeed and thrive.
The press release went on to claim that Toyota had cited a number of factors in choosing Plano, including the Texas Enterprise Fund investment.
But today, the Los Angeles Times reports that thats so much horse hockey.
Taxes, regulations and business climate appear to have had nothing to do with Toyotas move, the paper reported. And thats coming from a top executive.
It may seem like a juicy story to have this confrontation between California and Texas, but that was not the case, said Jim Lentz, Toyotas North American chief executive.
Toyota left California to move its companys brainpower, now divided among offices in three states, into one headquarters close to the companys manufacturing base, primarily in the South.
It doesnt make sense to have oversight of manufacturing 2,000 miles away from where the cars were made, Lentz said. Geography is the reason not to have our headquarters in California.
Oops.
So what did Texas taxpayers get for their $40 million? If you take Lentz at his word, basically nothing. Toyota was coming to Texas with or without the Enterprise Fund money. An incentives program like the Enterprise Fund is premised on the idea of being a deal-closer. You have to ask the but-for question: But for this incentive, would X company move to Texas? If the answer is, Yes, the company would move anyway, then there is no reason to offer the incentive.
Whats remarkable in the Toyota case is that an executive is admitting as much. You cant blame Toyotaa for-profit company responsible to its shareholdersfor taking the $40 million, but you have to wonder if the state of Texas shouldnt now ask for its money back.
And what did Perry get? Bragging rights, the ability to lay claim to the job creator mantle, another notch in his belt for the silly zero-sum California vs. Texas pissing match and associating himself with a popular brand of Texas-made trucks. (Full disclosure: I own a Toyota Tacoma.)
Of course, this isnt the first time that the true nature of the Enterprise Fund, which has paid out $558 million since its inception in 2003, has been made apparent. Last year, the governor offered Chevron $12 million for an office tower it was already planning to build in downtown Houston and the companys own application made scant reference to other sites it was considering. Chevron also noted that it planned to use the money to lavish employees with moving benefits and perks.
If there is a Texas miracle, Perrys Enterprise Fund doesnt seem to have much to do with it.