Aug 04 2008
Two Companies Get $8 Million in Corporate Welfare
The U.S. subsidiary of an Indian company has won a state grant worth $5.07 million to create 513 jobs in Wake County — one of two business expansions announced by North Carolina officials.
Separately, Time Warner Entertainment, a majority-owned subsidiary of Time Warner Cable, will expand its operations in Charlotte after the state awarded it a grant worth as much as $3.18 million.
Mike Easley is bearing more gifts of millions in corporate welfare. He taken $8.25 million more of our tax dollars and handed it off to multi-billion dollars companies. Aren’t you glad that when you are paying $4 in gas and 7% in income taxes Mike Easley urges the legislature to eliminate tax cuts from the budget because the state is facing an economic pullback, but there is money for billion dollar businesses?
