davidhume
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When General Motors announced that it was idling five plants in the United States and Canada last week, there was shock in two American cities.
One was Warren, Ohio, where G.M. builds the Chevrolet Cruze at its Lordstown assembly plant. Folks in the industrial heartland are no strangers to this kind of betrayal. But after forking over $60 million in state and local incentives in the last decade, they believed they had done enough to get G.M. to maintain Lordstown, which has built 16.3 million vehicles since 1966.
The Republicans promised that last year’s tax cut would prompt investment that creates jobs — G.M. got a $157 million tax bonus through its third quarter — but corporations have also used that money to cover the expenses of closing plants. (So far this year, companies in the United States have cut about a half million jobs, 28 percent more than at the same time last year.)
https://www.nytimes.com/2018/12/07/opinion/gm-amazon-honeywell-tax-incentives.html
This is one of the major issues of our time. Corporations get tax breaks and don't do anything in return for them. Socialism!!
One was Warren, Ohio, where G.M. builds the Chevrolet Cruze at its Lordstown assembly plant. Folks in the industrial heartland are no strangers to this kind of betrayal. But after forking over $60 million in state and local incentives in the last decade, they believed they had done enough to get G.M. to maintain Lordstown, which has built 16.3 million vehicles since 1966.
The Republicans promised that last year’s tax cut would prompt investment that creates jobs — G.M. got a $157 million tax bonus through its third quarter — but corporations have also used that money to cover the expenses of closing plants. (So far this year, companies in the United States have cut about a half million jobs, 28 percent more than at the same time last year.)
https://www.nytimes.com/2018/12/07/opinion/gm-amazon-honeywell-tax-incentives.html
This is one of the major issues of our time. Corporations get tax breaks and don't do anything in return for them. Socialism!!