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Poster Child For Corporate Welfare | by swanksalot
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Poster Child For Corporate Welfare

Boeing depends upon taxpayer dollars more than most corporations.

 

See for instance:

The top welfare recipient of them all is aerospace giant Boeing, which has operations spread all across the country building aircraft and working on numerous Department of Defense projects. The amount of work Boeing does for the federal government no doubt plays a part in the amount of subsidies the company has been able to secure, but Boeing has also played hardball with local jurisdictions to get enormous tax breaks. With more than $13 billion coming in from 148 handouts, Boeing has thoroughly entrenched itself in the interest of the government and taxpayers.

 

Despite the immense amount of money the company receives, it has still gone on to hold cities hostage in tax negotiations, threatening to remove jobs and open up shop in friendlier climates. In 2013, Boeing secured the highest ever tax break at the state level when it cornered the Washington legislature into ceding to its demands, lest it move its production plants to another part of the country. The legislature granted Boeing its wish, but Boeing went on to announce drastic layoffs anyway, angering many locals.

 

Boeing has become the king of corporate handouts, and other corporations have a long way to go to catch up.

via

www.cheatsheet.com/money-career/high-on-the-hog-the-top-8...

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Taken on March 2, 2018