Posted on 12/19/2013 3:57:11 PM PST by lowbridge
The state of California just approved a $34.7-million tax break for electric car manufacturer Tesla Motors to expand the company’s production capability by another 35,000 additional units per year.
As a result, Tesla will be exempt from paying sales and use taxes on its planned purchase of $415 million in new manufacturing equipment, which California estimates will result in a $24-million economic boon to the state’s economy.
(Excerpt) Read more at dailycaller.com ...
There is NO LIMIT to the madness!
More for the lawyers of the burned down homes.
That’s California for you! They’ll spend $34 million to get back $24 million! And they wonder why they’re in trouble.
Hmm could this be more crony capitalism?
Who are the major stockholders in Tesla one wonders...??
why no tax breaks for everyone who wants to GROW their business??
So California paid $34.7 million to get a $24 million “economic boon”? Sounds like they got one heck of a deal.
So the administration is artificially engineering the economy, making it harder for other companies that don’t agree with their political agena to compete. Who would have expected that?
No end to what this communists empire of California will come up with next. These feather brain nitwits will never learn.
Because the state of taxifornia is doing so damn well! You just can’t beat liberal logic, drive business and jobs out of the sate, make the state a safe haven for illegal immigrants and allow them to leach off the few taxpayers left and oh, yeah give big subsidies to companies producing technology that is worthless for average taxifornians.
The people who aren't learning are those who call them stupid. They aren't stupid, they know eactly what they are doing. And each lying liberal knows what they are doing - they are getting paid off, one way or another, for supporting and enabling and protecting this madness.
You might say they are stupid in the long run, when their masters turn on them. That is definitely true. But in the short run, they are very aware of what they are doing. They ust figure that in the end, when the world is turned into Auschwitz, they will be protected because they help tear down civilization.
History proves their assumptions wrong - unanimously wrong.
Uh, just a reality check here.
The state of Washington is falling all over itself to subsidize Boeing to the tune of billions. Boeing has something like 14 states in a bidding war for the 777X plant. An $80 billion a year company doesn’t need the cash, but that’s what they’re doing.
The states of Alabama and South Carolina gave all sorts of breaks and incentives to Mercedes Benz, BMW and Hyundai to move plants there, and those companies didn’t exactly need the money.
There is no doubt that Jerry Brown and the Rats are favoring Musk and Tesla, but he is building what they favor.
And I’m all for American manufacturing, and maybe the lesson that high taxes kill American manufacturing might be learned here.
The Rats in California are guilty of a lot of horrific crap but this is no different from what virtually all the states are doing now.
Ping.
I guess it pays to have friends in high places.
Hell let's give away more money for windmills!!!!
Yep. Tesla probably donates to all the right leftist causes in order to be able to get these gifts
Complete utter BS!!!! Dang government has no business picking winners & losers! Argh!!!!!!!!!!!!!!!!!!!!!!
Still, Solyndra were some true, hard-core hustlers. I mean, if you are going to bilk Uncle Sucker for cash, go for the gusto.
The list, Ping
Let me know if you would like to be on or off the ping list
I saw an advertisement the other day for the State of New York - yeah that rat infested state in the NorthEast- that they were offering 10 year tax-free incentives for NEW BUSINESS. So they know that lowers taxes increases business. But that is far down that road they wish to go.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.