Tax credits are not always a bad thing...they can help people in need or help companies while creating jobs and growing our economy. However, the proposed plan for Bombardier would cost Missouri millions of dollars we do not have to spend. It would suck money away from other state funded services or increase our taxes.
Prime Buzz published an article...here is a snippet I found noteworthy.
But other senators said such spending was short-sighted because it would take away money needed now for major repairs on state buildings. By setting aside that money, the maintenance problems will grow worse and leaky roofs will begin to cause damage to the rest of the buildings.
Sen. Victor Callahan, an Independence Democrat, said the proposal was more corporate welfare at the expense of Missouri’s needs. He said the budget was out of control with the recent explosion of tax credits and other subsidies.
“All we’ve done in the last few years is shift entitlements away from health care for women and children and into guaranteed deals for corporations,” Callahan said.
Sen. Jeff Smith, a St. Louis Democrat, was angry about the proposal. He said Nodler had told him repeatedly that the state did not have enough money to expand early childhood education, in-home care for the elderly and other social programs. But the state could come up with $120 million for a foreign company.
This plan may create more jobs in Kansas City, but what about all of us who don't live there? We will still be paying for it in one way or another yet we will see no gains from it. I think it would be interesting to find out who is really behind this whole thing anyways. Does anyone know?
0 comments:
Post a Comment