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Governor Herbert also gave eBay $30 million in tax incentives.
Is all this government corporate welfare okay with you libertarians and conservatives?
The key word here is tax incentives......libertarians and conservatives are against taxation. How is giving tax incentives welfare for corporations? This is much different than your beloved Barack Obama stimulus package where money was given to socialist companies masked in capitalism.
The incentives of Obama and the state are nothing more than corporate welfare packages. What these companies have brought to Utah are more illegals who don't pay taxes, and corporations defrauding the IRS and Utah of taxes. Lucrative profiteering and fraud does not create jobs that serve the economy.
The governor loves to spout off about a 25% pay increase but what is 25% of $7/hr? That brings you up to $8.75/hr, still well below (by 50%) the minimum $15/hr to meet poverty level income. And an economy cannot be created by high tech jobs that produce nothing but imagination and an imaginary economy.
What does serve the economy is when you are well paid to produce products with manufacturing and industry. Country's where we outsourced our jobs to, they are growing with good economies by producing tangible products.
It is provable that it takes more than brains to have a strong and productive economy. It is normal for people to want to work with their hands and minds to create something. Even if its just a widget. Computers, education, and technology are tools for meaningful jobs to create products.
Need to help all the poor rich people. Heaven forbid we have anaffordable healthcare system.
Lower taxes are the best incentive.
The middle class gets shafted with the tax burden again.
No, the incentives are not for low paying jobs. Incentives are not provided unless they pay at least 125% on the Wasatch Front and more than the prevailing wage in rural areas that are economically distressed.
No, this is not corporate welfare. This is a business investment. The incentives are typically post-performance... i.e. if you don't meet your job creation goal, you don't get the money. And they are based on a small percentage of the taxes a company pays. So if the incentive results in a company locating or expanding here as opposed to somewhere else, we are investing, depending on the deal, perhaps 25 cents to get a dollar in new taxes... most of which go into our schools.
If you look at President Obama's bailout program, I guarantee you will not find provisions that come anywhere near to Utah's strategy protecting the public investment.
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