Act 140 0f 2011 (Capital Budget and Redevelopment Assistance Capital Projects RACP) added$1.6 billion dollars to
, the General Assembly forced taxpayer to finance five private for profitbig business billionaire corporations. These tax payer subsidies were, in effect, tax rebates tobig businesses connected to the elected; taxpayers are forced to pay billions in corporatewelfare to big business corporations connected to the elected.
What do the taxpayers get for this ‘investment’?
Governor's Action Team worked with Comcast (NASDAQ: CMCSA) throughthe state's Department of Economic and Community Development to provide a financialpackage of $12.75 million that includes a $4 million opportunity grant, $6.75 million in jobcreation tax credits, and $2 million in job training assistance. In all, the project will receive atotal of $42.75 million in financial incentives from the state, nearly the total amount spent lastyear in state and city incent
ives to retain six major employers in Center City.”