....might as well be the title of the provisions in his proposed "tax cuts" which would give a 100% tax credit when businesses invest in new plants or equipment. Why so?
Possible correction: the AP article I read about this this morning suggested that it was not a tax credit, as the Fox article suggests, but rather an accelerated depreciation schedule. Either way, it's a powerful incentive to shut down aging plants and flip the bird at unionized workforces and high tax states that voted for Obama.
Think about it a minute; more or less, Obama is telling any moderately profitable company with aging facilities that the cost of moving to an improved facility will be zero. It's "cash for clunkers" once again--let's PAY people to get rid of useful assets, and then we'll wonder why thousands of towns and cities are devastated when the old facilities close.
On the bright side, the plan would seem to administer a well-earned kick in the teeth to unions in high tax states. After all, if I ran a unionized company in a high tax (blue, Obama voter) state, and the government offered to pay 100% of the cost for me to relocate to a low tax, non-unionized state like Tennessee, Alabama, South Dakota, or Texas, I'd be all over that in a heartbeat.
Who knew that Obama would throw unions under the bus? And who knew that Obama would be working to crush businesses in the high tax states that voted for him?
Well, for starters, his grandmother and "spiritual mentor," who are also below that bus, could tell you that, couldn't they?
Hello Steeltown; Goodbye, DFL - Jamestown, North Dakota. 15,000 people. At confluence of the James and Pipestem rivers, about 90 miles west of Fargo. Home to a state hospital and psychi...
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