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To: Springman; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; madison10; ...
One group of cronies over another. Personally I'm not impressed with the dealers or Tesla.

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Michigan legislative action thread
9 posted on 10/18/2014 1:31:45 PM PDT by cripplecreek
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To: cripplecreek
“One group of cronies over another. Personally I'm not impressed with the dealers or Tesla.”

Cut Tesla some slack. They paid back all of their government loans, with interest. Taxpayers made $26 million on the deal.

Also, the thing with the whole $1.3B Nevada “incentive” that most people don't realize is that it was basically just a tax holiday, not actual funding. Tesla doesn't have to pay sales tax for 20 years or property taxes for 10 years (in Nevada) and that adds up to over a billion dollars in savings for Tesla. Other states offered similar deals, Nevada just offered the longest holiday.

This is a common tactic that states use to compete against each other in order to bring jobs to their state, or that countries use to compete against each other in order to bring jobs to their country.

It is not really a case of cronyism, because it did not involve Tesla sucking up to lawmakers, in fact quite the contrary, lawmakers from several states were kissing Tesla's rear in order to get his factory in their state.


12 posted on 10/18/2014 4:17:25 PM PDT by LogicDesigner
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