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More corporate welfare...southern style. - 3/13/2011 5:39:46 PM

MrRodgers

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This is an insult to my intelligence and state-level corporate welfare at its worse. After 'scrimping, scrounging, and borrowing to pay for schools, highways, police and public programs for the mentally disabled (I want all spent here returned please) the disabled and the poor, $6 billion down in tax revenue, what can the state afford to do ?

Here

Well it can afford $45 million for get this, Coal Cos. and the two dominant power companies. Now I ask you, just where are these companies going to go ? The coal ain't leav'n and the power-hungry residents aren't leaving, so how does this 'Keep state coal...'competitive ?' Without it I think he is saying, we would drive the coal industry out of business ? More capitalist bullshit.

Somebody, please tell me how. How is it that with homes and businesses too power, the coal staying right, here, is it necessary to give $millions to these private regulated, guaranteed return-on-investment cos...to remain competitive ?

This is corporate welfare and I understand expanded by a new repub govt., fiscal conservatives everyone I am sure. $93 million to power and coal cos. $17,000/per job. Obviously, much of which is returned through political contributions. Plus, none of the money at all goes to the miners, only the companies. Add in this year alone 17 more give-aways for $30 million.

The rationale of course to keep the state business-friendly. I guess so, I'll come to Va. for a great 'free-market' [sic] hand-outs. $13 million to Northrop-Grumman for a lousy 200 jobs. Well I guess we'll just have to tax...the 'little' people, ya know, Adam Smith's labor race...a little more.

In 2009 alone, the Commonwealth Institute has found 60 seperate give-aways costing the state $2.5 billion in taxes. Are we rich yet ?

< Message edited by MrRodgers -- 3/13/2011 5:46:21 PM >

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RE: More corporate welfare...southern style. - 3/13/2011 7:35:02 PM

willbeurdaddy

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"The utility, which is closely regulated by the State Corporation Commission, factors the tax credits into the purchase of fuel as part of its rate calculations. Any benefit is, therefore, passed on to consumers, Frazier said. Taken together, the tax credits simply allow the utilities and coal producers to defray the higher cost of coal in Virginia relative to Kentucky or West Virginia, he said."

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RE: More corporate welfare...southern style. - 3/13/2011 7:51:19 PM

Marini

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Great article Mr. Rodgers, isn't tax credits for the rich the American way, these days?

The poor, the sick, the disabled, and the disenfranchised?

Let them eat cake!

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As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
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RE: More corporate welfare...southern style. - 3/13/2011 7:55:30 PM

Brain

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It’s definitely corporate welfare and more right wing hypocrisy as usual. They definitely need campaign finance reform. They need to have publicly financed campaigns.
It’s unfortunate they continue to subsidize polluting companies when they should be converting to environmentally friendly energy alternatives like wind and solar.

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RE: More corporate welfare...southern style. - 3/13/2011 8:16:56 PM

MrRodgers

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quote:

ORIGINAL: willbeurdaddy

"The utility, which is closely regulated by the State Corporation Commission, factors the tax credits into the purchase of fuel as part of its rate calculations. Any benefit is, therefore, passed on to consumers, Frazier said. Taken together, the tax credits simply allow the utilities and coal producers to defray the higher cost of coal in Virginia relative to Kentucky or West Virginia, he said."

I don't care what they tell us...ALL money is fungible. I want to know how the industry competes in delivery power rather than have the state govt. compete in throwing taxpayer money at them. I want to know if the Va. power industry is in fact competing in the marketplace. Plus, you site a small portion and only one bill. There are 60 different corporate welfare programs at $billion. Insane and immoral.

How about reducing my taxes, not paying them anything in addition to their guaranteed return (utilities) which addresses market concerns in the power rates and letting the marketplace otherwise...make these decisions ?

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RE: More corporate welfare...southern style. - 3/13/2011 8:29:05 PM

willbeurdaddy

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quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: willbeurdaddy

"The utility, which is closely regulated by the State Corporation Commission, factors the tax credits into the purchase of fuel as part of its rate calculations. Any benefit is, therefore, passed on to consumers, Frazier said. Taken together, the tax credits simply allow the utilities and coal producers to defray the higher cost of coal in Virginia relative to Kentucky or West Virginia, he said."

I don't care what they tell us...ALL money is fungible. I want to know how the industry competes in delivery power rather than have the state govt. compete in throwing taxpayer money at them. I want to know if the Va. power industry is in fact competing in the marketplace. Plus, you site a small portion and only one bill. There are 60 different corporate welfare programs at $billion. Insane and immoral.

How about reducing my taxes, not paying them anything in addition to their guaranteed return (utilities) which addresses market concerns in the power rates and letting the marketplace otherwise...make these decisions ?

you dont care about reality, obviously

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RE: More corporate welfare...southern style. - 3/13/2011 8:43:47 PM

Marini

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what the hell is reality?

We keep bailing out wall street, corporate America, and giving big tax breaks, while we attempt to bust up unions and kick the American worker right in the ass?

When I look at your avatar I don't think President Obama anymore, I think it is you.
You are Alfred E. Newman from mad magazine with the gap.

Alfred? union busting was a bad move in an upcoming election year.
The repukes have sealed their fates and already lost the Presidential election.

yeee fucking haww!

< Message edited by Marini -- 3/13/2011 8:46:47 PM >

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RE: More corporate welfare...southern style. - 3/13/2011 8:47:04 PM

pahunkboy

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It sounds like a scam.

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RE: More corporate welfare...southern style. - 3/13/2011 8:47:59 PM

Brain

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Mr. Rogers is right. When it comes to consumers you guys are all in favor of free enterprise so consumers pay more. When it comes to corporations you guys are in favor of corporate welfare. I'd like to see them give the money directly to the consumer rather than the corporation because I don't believe they pass any reduction in prices/rates on to consumers.

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