Reply to Dow Chemical bringing jobs to Michigan

Forum Index » Political Discussion

Reply to "Dow Chemical bringing jobs to Michigan"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]You forgot to post this part:

Liveris did not say how the Michigan expansion plans would fit with Dow’s ongoing multibillion-dollar merger with rival Delaware-based DuPont. He made the announcement almost six months after Dow Chemical announced in late June it would cut 700 jobs from its Midland workforce of roughly 6,400 people as part of its drive to cut costs globally following its acquisition of Dow Corning Corp.

The company’s news release did not say when it would break ground on the new research facility. Company spokesman Jarrod Erpelding said the firm is “in the very early stages of developing specific plans and time lines for the center.”

[/quote]

What's the point? Trump is saving some jobs that Dow was shedding, and Dow has plans to expand in MI.

Trump plans to cut the tax rate for business in half to create a favorable business climate and encourage business to stay and do business in the US. My home state, NY, uses reduced tax rates to induce business to build and employ NYers, but taxes the crap out of them after approx 10 years. (This business stay for 10 years, then flee when NY starts the blood/tax sucking routine that has caused people to flee NY in unprecedented numbers.)

[/quote]

Every study of tax incentives shows that they subsidize the baseline - they waste money subsidizing projects that would have happened anyway with private financing. Nobody builds something new just for temprary tax credits. It has to be a good long-term business decision first. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics