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Corporate Welfare and Your Tax Bills!
Makes one wonder if The Little guy here in America is getting his representatives to give them a chance to be - We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.**
Who is ourselves?? It's Congress along with state and local governments as a republic and they really don't care about us We the people this last 100 years in my opinion! On the whole thing is based on funny money with The Federal Reserve and when that fails watch The Super police state take over. Just like in Ukraine the big government will take over lock stock and barrel!
serf
http://www.goodjobsfirst.org/sites/default/files/docs/pdf/megadeals_report.pdf
Over the past three and a half decades, state and local governments in the United States have awarded corporations more than $64 billion in giant subsidy packages designed to encourage investment and the creation or retention of jobs. In a pains
- taking review of these practices using hundreds of sources, Good Jobs First has identified 240 "mega deals," the term we use to refer to subsidy awards with a total state and local cost of $75 million or more.
By any measure, these deals have come at enormous taxpayer expense.Eleven deals cost $1 billion or more. The number of deals and their costs are rising: since 2008, the average number of mega deals per year has doubled (compared to the previous decade) and their annual cost has roughly doubled as well, averaging around $5
billion.
For all those deals on our list in which job projections were reported, the average cost per job is $456,000. This is true in part because manufacturing has become so capital-intensive, but some service-sector deals are also very expensive. High-priced "trophy deals" long ago spread from auto-assembly plants to corporate
headquarters, media, banking and high technology.
Michigan has the most megadeals, with 29, followed by New York with 23; Ohio and Texas with a dozen each; Louisiana and Tennessee with 11 each; and Alabama, Kentucky and New Jersey with 10 each.
In dollar terms, New York is spending the most, with mega deals totaling $11.4 billion. Next is Michigan with $7.1 billion, followed by five states in the $3 billion range: Oregon, New Mexico,Washington, Louisiana, and Texas. Twenty-one states have mega deals costing $1 billion or more.Some of the deals involve little if any new-job creation; indeed, one in ten of the
deals involves the mere relocation of an existing facility, often within the same state and sometimes within the same metropolitan area. Some of these retention deals were granted in so-called "job blackmail" episodes. Mega deals have been awarded to many of the largest and best known companies
based in the United States as well as foreign ones doing business here, including ....
Who is ourselves?? It's Congress along with state and local governments as a republic and they really don't care about us We the people this last 100 years in my opinion! On the whole thing is based on funny money with The Federal Reserve and when that fails watch The Super police state take over. Just like in Ukraine the big government will take over lock stock and barrel!
serf
http://www.goodjobsfirst.org/sites/default/files/docs/pdf/megadeals_report.pdf
Over the past three and a half decades, state and local governments in the United States have awarded corporations more than $64 billion in giant subsidy packages designed to encourage investment and the creation or retention of jobs. In a pains
- taking review of these practices using hundreds of sources, Good Jobs First has identified 240 "mega deals," the term we use to refer to subsidy awards with a total state and local cost of $75 million or more.
By any measure, these deals have come at enormous taxpayer expense.Eleven deals cost $1 billion or more. The number of deals and their costs are rising: since 2008, the average number of mega deals per year has doubled (compared to the previous decade) and their annual cost has roughly doubled as well, averaging around $5
billion.
For all those deals on our list in which job projections were reported, the average cost per job is $456,000. This is true in part because manufacturing has become so capital-intensive, but some service-sector deals are also very expensive. High-priced "trophy deals" long ago spread from auto-assembly plants to corporate
headquarters, media, banking and high technology.
Michigan has the most megadeals, with 29, followed by New York with 23; Ohio and Texas with a dozen each; Louisiana and Tennessee with 11 each; and Alabama, Kentucky and New Jersey with 10 each.
In dollar terms, New York is spending the most, with mega deals totaling $11.4 billion. Next is Michigan with $7.1 billion, followed by five states in the $3 billion range: Oregon, New Mexico,Washington, Louisiana, and Texas. Twenty-one states have mega deals costing $1 billion or more.Some of the deals involve little if any new-job creation; indeed, one in ten of the
deals involves the mere relocation of an existing facility, often within the same state and sometimes within the same metropolitan area. Some of these retention deals were granted in so-called "job blackmail" episodes. Mega deals have been awarded to many of the largest and best known companies
based in the United States as well as foreign ones doing business here, including ....
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