The Boeing Co. was the beneficiary of a deal to end all deals this past weekend, when the Washington Legislature voted to extend $8.7 billion in tax breaks to the aircraft manufacturer stretching out 27 years until 2040. Gov. Jay Inslee signed the tax breaks into law Monday at the Museum of Flight.
“This is the biggest tax subsidy in U.S. history,” said Greg LeRoy, executive director of Good Jobs First, a Washington, D.C., nonprofit which tracks so called “Megadeals” in which states offer sweeteners to major corporations.
“Nothing is near this deal: The fact it took place in days is breathtaking,” LeRoy added. “This deal happens in the state that already has the most regressive tax code in the nation.”Bastard GOP governors giving tax breaks to big business again. Wait, the governor's a dem? It's Washington state? Pretty much run by dems? Um...
I'm all for low taxes. Anything that keeps money out of the hands of government is generally good to me. But this is the crony capitalism that gives the real thing a bad name.