Another example was the Nissan plant debacle in North Mississippi... where we will collect no taxes for 30 years... eminent domain seized private property and gave it to Nissan for their plant... but the jobs they brought in are a net loss... because we are collecting no State taxes from Nissan and will not for decades... and people had their lives ripped apart for this corporate welfare.
Then there was the Regina Vacuum Company that had a 15 year tax free deal from the State and Long Beach, Mississippi... 15 years later they closed and moved to Tennessee, where they worked out another tax free deal... and then they will move again when that bill comes due. No, I understand completely. Lower corporate tax rates in America... remove the needless red tape and regulations... but stop corporate welfare from corporatists like barbour.
LLS
I don’t take issue with you on any of those cases. I am more with you than you realize. But what the Democrats are doing are targeting legitimate business expenses that they currently get deductions for, calling them “corporate welfare”, and trying to eliminate the deductions for them. They are trying to paint the image in the minds of voters that the cases you cited are no different than real, legitimate business deductions that you deduct. Hence, they are confusing the voters by using the vague term “corporate welfare; they are lumping the two in the same category. But that is comparing apples to oranges to give them an opening to get at legitimate business expenses. When they eliminate or reduce such deductions, they have raised taxes on businesses.
The real problem is that the politicians are giving handouts to big business because they fund their re-elections, and these handouts and favors put small businesses like yourself at a further competitive disadvantge. But rest assured, the “corporate welfare” tag, in the Democrat mind, is not really aimed at big business, it is aimed at people like YOU. They will find another way to pad the pockets of their big business benefactors. But we need to get the government out of the business of picking favorites and off the backs of small business people like you.