Aug 29 2007
Easley’s Incentive Plan. It’s Called Welfare
Governor Mike Easley unveiled plans today for legislation that would create new incentives for large manufacturing companies looking to upgrade existing plants in North Carolina.The proposal, which will be introduced next year, comes three days before Easley must decide whether to veto a bill approved by the General Assembly that targets only one company.
Under that bill, Goodyear Tire & Rubber Co. could receive up to $40 million to renovate its Fayetteville plant.
So Easley’s incentive plan is corporate welfare. Here’s a clue. If this multi-million company is struggling to stay in your state, maybe there is something wrong with the way the state is being ran.
[...] Thursday, Gov. Mike Easley vetoed legislation approved by the General Assembly to push his own plan. The legislature in late July passed a bill that would give Goodyear Tire & Rubber Co. as much [...]