Posted at September 29, 2008 at 5:08 pm
Excerpt:
In May I wrote about Wells’ Dairy failing to create the jobs they promised when they received taxpayer money under the Iowa Values Fund.
On Friday, Wells Dairy agreed to repay the money…
Wells’ Dairy Inc., the maker of Blue Bunny ice cream, has repaid the state $1.25 million of $2.9 million in forgivable loans it received to build a new headquarters in Le Mars.
The state has found Wells’ Dairy did not meet its job creation commitments.
The company, which had been mulling a move to Nebraska or South Dakota, had agreed to create 128 jobs and retain 346 existing jobs for a total of 475 positions overall. It had also committed to complete a new $25 million corporate headquarters.
The state’s review found that Wells’ Dairy fell 158 positions short of its employment projection.
Read more at Century of the Common Iowan.
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Categories: Dems, Century of the Common Iowan, Values Fund, Corporate Welfare | Comments Off
Posted at August 12, 2008 at 9:19 am
Excerpt:
Think your taxes are high? That is because many corporations are skipping out on paying income taxes that they owe.
The Government Accountability Office is set to release a report that says most U.S. corporations pay no federal income taxes.
And most foreign companies that do business in the United States aren’t paying corporate taxes.
The study says about two-thirds of American corporations paid zero income taxes to Uncle Sam between 1998 and 2005.
An even higher percentage of foreign corporations avoided federal corporate taxes. At the same time, said the GAO, the firms had trillions of dollars in sales.
The study was requested by Democratic Sens. Carl Levin of Michigan and Byron Dorgan of North Dakota.
“It’s shameful that so many corporations make big profits and pay nothing to support our country,” Dorgan said.
Corporations are heavy users of our nation’s infrastructure. Semi trucks clog our interstate highway systems. Companies use telephone and broadband lines to do business. Many of our courts are filled with cases brought by corporations. When corporations don’t pay for this infrastructure, you and I are forced to pick up the tab. It is time that corporations become responsible citizens and pay their taxes like the rest of us do.
Read more at Century of the Common Iowan.
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Categories: Dems, Century of the Common Iowan, Taxes, Corporate Welfare | Comments Off
Posted at May 22, 2008 at 11:15 pm
Excerpt:
Surprise, surprise, another company takes your taxpayer and fails to create jobs they promised.
Four years ago, the Iowa Department of Economic Development awarded a company in northwest Iowa a forgivable loan worth nearly three-million dollars. The deal with Wells’ Dairy was designed to keep the company’s corporate headquarters located in LeMars. IDED spokesperson Stephanie Bjornson says Wells’ Dairy pledged to create or retain hundreds of jobs. “We asked them to create 129 jobs while retaining 346,” Bjornson said. The deadline to create those jobs is coming up next month, on June 11. “It appears as though, at this point, that they haven’t created any net new jobs,” Bjornson said.
Corporate welfare doesn’t benefit anyone except corporations that get your taxpayer money.
Read more at Century of the Common Iowan.
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Categories: Dems, Century of the Common Iowan, Corporate Welfare | Comments Off
Posted at August 9, 2007 at 11:40 am
Excerpt:
The majority of Americans recognize the overwhelming influence large corporations and industries have in Washington DC. This is true for both Democrats and Republicans. However, most Republican politicians like Mitt Romney and Rudy Giuliani still trump…
Read more at Century of the Common Iowan.
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Posted at July 25, 2007 at 9:28 pm
Categories: Dems, Century of the Common Iowan, Corporate Welfare, Farm Subsidies | Comments Off
Posted at March 15, 2007 at 6:58 pm
Excerpt:
This is the 3rd video today I am posting from YouTube. I am thinking I will just make this a YouTube day. I have a couple more that I get to posting, depending on how interesting the NCAA tournament games are tonight.This video pretty much tells you…
Read more at Century of the Common Iowan.
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