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What do The GOP's "Pro Business" Policies Look Like?
invite response
2011 Nov 2, 10:20am 1,189 views 2 comments
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1
Vicente
2011 Nov 2, 2:53pm
Vicente
2011 Nov 2, 2:53pm
I had a buddy who worked for Nader campaign, was a big believer in him. At the time I thought it was a pretty harmless if futile effort. If only I had known..... however back then I was Republican so I thought anything that splintered Democrats was a good thing.
2
corntrollio
2011 Nov 3, 7:59am
New Jersey Plans To Give Food Company $80 Million In Tax Incentives To Create Nine Jobs
Yes, this is the kind of stuff that Chambers of Commerce want -- corporate welfare. If gummint money is going to poor people and raising GDP = bad. If gummint money is going to corporations and not doing much of anything = good.
Here you go. Now you know what Republicans are talking about when they say they are "pro business." $80 million to create 9 jobs. For those doing the math at home, that is $8,888,888 per job. Giving tax incentives to private companies is one of the most ineffective and most expensive ways to create jobs. It would be far more economical for the govt. to take the $80 million and hire workers directly at a salary of $50,000 each.
New Jersey Plans To Give Food Company $80 Million In Tax Incentives To Create Nine Jobs
http://thinkprogress.org/economy/2011/11/02/359776/new-jersey-goya-nine-jobs/
In fact, this is nothing more than a re-distribution of wealth because now companies that aren't politically connected will have to pay more in taxes to make up for the $80 million the state is giving in welfare to Goya.
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