Proposed ‘Tax Breaks’ In USA To Create Jobs

Posted on June 26, 2012 by Tony Dean
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Rant On UK!

USA Innovation and flexibility in tax rates has got to be the thing to drive growth. More than a dozen companies are expected to receive tens of millions of dollars in state or local tax breaks in exchange for promises to create nearly 1,000 jobs, according to documents from a state economic development board. The board, the ‘Economic Assistance Coordinating Council’, is scheduled to vote on the tax breaks Tuesday. Potential beneficiaries include Vecna Technologies Inc., a Cambridge company that plans to add 220 full-time jobs; and General Dynamics Corp., a major defense contractor, which has proposed adding 100 jobs in Massachusetts. Why didn’t we think of that?

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