“The deal will provide $8.7 billion in tax breaks to the company. Greg LeRoy, executive director of Good Jobs First that tracks such megadeals with states said: “This is the biggest tax subsidy in U.S. history. Nothing is near this deal: The fact it took place in days is breathtaking. This deal happens in the state that already has the most regressive tax code in the nation.” State Representative Rep. Reuven Carlyle a Democrat, an architect of the deal, was quite positive on the deal calling it an an authentic marriage between Boeing and the state, during a speech in the legislature. It seems more like a support agreement in which Washington taxpayers agree to forgo revenue as a bribe to keep a huge corporation from moving production to a state such as North Carolina with weaker labor laws and no doubt other enticements.”
Posted on: Mon, 18 Nov 2013 04:16:28 +0000
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