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riversedge

(70,361 posts)
Tue Dec 8, 2015, 08:55 AM Dec 2015

Hillary Clinton tax plan aims to boost manufacturing in Arizona, other states

Source: azcentral.com



Hillary Clinton tax plan aims to boost manufacturing in Arizona, other states



Dan Nowicki, The Republic | azcentral.com 10:20 p.m. MST December 7, 2015


Hillary Clinton, the 2016 Democratic front-runner, is proposing a new tax credit to help save manufacturing jobs and help create new ones in Arizona and other states.
Hillary Clinton

(Photo: Rodney White/The Des Moines Register)

Democratic presidential front-runner Hillary Clinton on Tuesday will announce a tax-incentive plan aimed at resuscitating the manufacturing industry in Arizona and other states.

Clinton's "Manufacturing Renaissance Tax Credit," part of a broader plan to revive U.S. manufacturing, would encourage financial investment in depressed areas that have seen manufacturing production and employment evaporate or are at risk of closings and layoffs, according to her campaign.

“My plan will help spur reinvestment in communities right here in Arizona that have lost jobs because of factory closures,” Clinton, a former U.S. secretary of State, said in a written statement to The Arizona Republic. “By strengthening our manufacturing sector for the future, we can help create the next generation of good-paying jobs and put more people back to work in Arizona and across the country.”



Clinton's campaign is set to release details of her pro-manufacturing plan in New Hampshire, which hosts the first-in-the-nation presidential primary in February. Clinton is expected to discuss it at a town-hall meeting in Salem, N.H..............

Read more: http://www.azcentral.com/story/news/arizona/politics/2015/12/08/hillary-clinton-tax-plan-manufacturing/76952062/

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Hillary Clinton tax plan aims to boost manufacturing in Arizona, other states (Original Post) riversedge Dec 2015 OP
Tax credits. More industry not paying their way. AllyCat Dec 2015 #1
Carrots to corporations are what got us into this mess, time for sticks. Thor_MN Dec 2015 #2
Well its more like there was no stick to go with the carrots but ya I agree there needs to be cstanleytech Dec 2015 #7
And when those companies take their tax breaks and send the jobs overseas anyway..... beerandjesus Dec 2015 #3
I live in Phoenix. TM99 Dec 2015 #4
Enterprise zones renamed? people Dec 2015 #5
This isn't LBN keep your GDP stuff in....GDP please snooper2 Dec 2015 #6
K & R SunSeeker Dec 2015 #8
So this is part of the plan passiveporcupine Dec 2015 #9

cstanleytech

(26,337 posts)
7. Well its more like there was no stick to go with the carrots but ya I agree there needs to be
Tue Dec 8, 2015, 01:30 PM
Dec 2015

stick involved here (instead of the sticking it to the employees that is being done) to get the people who run and or own the varies corporations to stop deliberately fucking the majority of their employees over.

beerandjesus

(1,301 posts)
3. And when those companies take their tax breaks and send the jobs overseas anyway.....
Tue Dec 8, 2015, 11:21 AM
Dec 2015

....she'll tell 'em to CUT IT OUT!

 

TM99

(8,352 posts)
4. I live in Phoenix.
Tue Dec 8, 2015, 11:55 AM
Dec 2015

I moved here in the mid 90's from Tucson.

During an MBA while I built my private practice here, I worked temp jobs in the tech industry. It was booming and thriving with chip manufactures. From Intel to Motorola, there were large fab facilities everywhere.

Then NAFTA took its toll as the Tech Bubble burst and all of it went overseas to Asia. Most of those facilities have even been torn down or just left vacant for almost 15 years.

Here is the reality in Arizona. Apple in 2013 promised to build a Sapphire manufacturing plant in one of those old facilities in Mesa. It promised to create thousands of jobs. The deal fell through when the partner declared bankruptcy after stating that Apple pulled a bait & switch. No 'good' corporation would do that now would they?

So now two years later, Apple will make it work as a data center instead. How many jobs will it create? Only about 600 is all. And many of those will be construction ones for the build project that won't last after it opens. So they expect to have about 150 permanent jobs at this data center. But hey at least Apple is building a solar farm to power it, right? That will give back to the community after Mesa gave additional tax incentives. How many homes will it power? About 15,000 in a city of almost 500,000.

How much in tax credits did Brewer and the State of Arizona already give Apple between 2013 and 2015 for this deal? In 2013, 10 million dollars in tax credits were given. An additional 5 million have been given for the solar power plan.

So 10's of millions of tax credits to a big corporation that already uses overseas loop holes to funnel billions away from paying taxes yearly, all for 150 jobs and enough power for 3% of the city residences of Mesa, a suburb in the greater Valley of the Sun whose population is in the millions.

I am sorry. Fuck Clinton. Fuck her neoliberal 'tax credit' stimulus plans. Stop free trade. Bring real jobs back to Americans. Close the tax loop holes that allow Apple to off shore billions in tax revenues. That is what we need, not this tired 'free enterprise' bullshit!

people

(634 posts)
5. Enterprise zones renamed?
Tue Dec 8, 2015, 12:46 PM
Dec 2015

I hope this plan to bring manufacturing to depressed areas does not allow what some of the old "enterprise zones" did (Richard Nixon had these) - namely within these zones manufacturers could pay workers a depressed wage. I don't remember now how low the wages there were permitted to be. Will have to wait and see if Clinton's plan includes this type of feature.

passiveporcupine

(8,175 posts)
9. So this is part of the plan
Tue Dec 8, 2015, 03:21 PM
Dec 2015

More corporate welfare to try to bring mfg jobs back home. Jobs that will offer min wage probably, because part of the plan of offshoring is to lower wages at home to make it feasible to bring jobs back home again.

Sorry Clinton. You back Nafta and TPP (yes she does) and you back corporate tax breaks, and you shaft the people.

You have not changed.

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