|
|
"A comprehensive, collaborative elections resource."
|
Mitt Romney no stranger to tax breaks, subsidies
|
|---|
| Parent(s) |
Candidate
|
| Contributor | RP |
| Last Edited | RP Jan 13, 2012 10:11am |
| Logged |
0
|
| Category | Analysis |
| Author | Matea Gold, Melanie Mason and Tom Hamburger |
| Media | Newspaper - Los Angeles Times |
| News Date | Thursday, January 12, 2012 11:15:00 PM UTC0:0 |
| Description | Reporting from Washington—
As Mitt Romney defends his record running a private equity firm, he frequently points to a fast-growing Indiana steel company, financed in part by Bain Capital, that now employs 6,000 workers.
What Romney doesn't mention is that Steel Dynamics also received generous tax breaks and other subsidies provided by the state of Indiana and the residents of DeKalb County, where the company's first mill was built.
The story of Bain and Steel Dynamics illustrates how Romney, during his business career, made avid use of public-private partnerships, something that many conservatives consider to be "corporate welfare." It is a commitment that carried over into his term as governor of Massachusetts, when he offered similar incentives to lure businesses to his state.
Yet as he seeks the GOP presidential nomination, he emphasizes government's adverse effects on economic growth. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
