Tax breaks for the rich
A couple of young billionaires just got a $38 Million tax break from the Democratic governor of Michigan, Jennifer Granholm. While Michigan struggles to find money for K-12 and University funding, the state seems to have found enough for some corporate welfare for Google.
In Google's latest quarter, ending June 30, 2006, it made $721 million, hardly a needy company. Its founders are each worth over $10 billion , so I think they can get by without a $38 million tax break.
Maybe the governor of a depressed state, one that has among the highest unemployment rates in the nation, was simply desperate to get some good news. Both of the sake of the state's economy and for her failing campaign. Perhaps she gave in to some greedy, Republican business moguls who pinched the poor citizens of Michigan for millions, in return for some jobs. Not quite. Google is a blue company, all its political donations have gone to democrats.
In Google's latest quarter, ending June 30, 2006, it made $721 million, hardly a needy company. Its founders are each worth over $10 billion , so I think they can get by without a $38 million tax break.
Maybe the governor of a depressed state, one that has among the highest unemployment rates in the nation, was simply desperate to get some good news. Both of the sake of the state's economy and for her failing campaign. Perhaps she gave in to some greedy, Republican business moguls who pinched the poor citizens of Michigan for millions, in return for some jobs. Not quite. Google is a blue company, all its political donations have gone to democrats.
posted by Doug at 7:14 AM
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