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$100,000,000 of MI taxpayer money goes to...

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  • $100,000,000 of MI taxpayer money goes to...

    Here is a bill which will provide $100,000,000+ in subsidies to a single entity in Muskegon.

    http://www.legislature.mi.gov/(S(cae...e=2009-HB-5469

    The company that will benefit:

    http://www.fortu.de/
    "Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its being done at all." —Frédéric Bastiat

  • #2
    And that company does what?
    - 1995 Jetta (Harlequin)
    - 2001 Jetta (Stormtrooper)

    Kyliak - "Why because the condom failed that i used with your gf?"

    shOckfuel & Splitz (Joe DeBoer) - Liar, Thief, Scumbag

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    • #3
      batteries

      "additional credit for advanced battery manufacturing" Automotive sector... jumping in on some of the alternative drivetrain/green energy tax credit opportunities.

      Muskegon needs jobs bad. Hope it pans out.

      I also disagree with the title.. Michigan Tax payers are not "Giving" $100,000,000 to this company as I read it... it's operating as a tax credit, which as I understand will give a big "tax break" window to provide incentive for them to locate in Muskegon which means Michigan will not collect $100,000,000 in tax money that they theoretically would have otherwise collected had the incentives not been in place.

      Compared to the 0 jobs they have there now, and the $0 of taxes they're currently paying to Michigan, it would seem to me a net positive for the area, as it will bring construction jobs, long term jobs, etc. to the area, which will include taxable revenues and employment opportunities across the board.

      I wish a US based company would get their isht together and go after these opportunities, but I'll settle for foreign companies landing in Michigan (like my employer) to at least provide jobs and opportunities for area residents.



      Dave, are you for or against a tax credit to lure this business to the region?
      -Nick V-
      Current: '88 Golf GL 2.0 16V / '82 Caddy Diesel
      Favorite Past Dubs: '92 Corrado VR6, '99.5 APR Stg.3 A4, '91 GTI 8V, '81 Rabbit Truck,

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      • #4
        Their website rocks..
        '93steVoR6 : '92SLd : '90g6d : '58 gypsi : '59scab : '60dlx
        >> VAG-COM & Tow Dolly For Rent <<
        Parting Out: MK3s, Passats & Corrados

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        • #5
          Originally posted by n0ftInc View Post
          Their website rocks..
          yeah it does. :bowdown:
          Your friend Raven
          92 Corrado VR6t
          05 Audi A6
          90 Miata (because racecar)

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          • #6
            Originally posted by n0ftInc View Post
            Their website rocks..
            mad creative geniuses at work!!!
            I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country. - Thomas Jefferson

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