Tonight on the news Mark Davis reported on a ‘deal’ to save Pratt and Whitney’s engine plant in Cheshire.
Governor Rell has offered Pratt and Whitney a $100 million tax incentive to keep its engine repair plant open in Cheshire.
The deal would be good for $20 million per year for five years. She presented the proposal to parent United Technologies this morning and reports are that initial reaction is positive.
Really? $100 million and the reaction is positive. Shocker!
I am not involved in news gathering. I am only speaking on behalf of myself.
How is this not extortion? Pratt and Whitney threatens to leave… sorry, a profitable Pratt and Whitney threatens to leave and is, in essence, granted $100 million from the taxes and fees the rest of us pay.
I have always been against pitting states or municipalities against each other seeing who can give the better deal to a big business. It’s a foolish race to the bottom.
I’m against this too.
A tax break or any other giveback to a single entity is awful. When done following a threat to move it’s awful and distasteful.
Isn’t the state already broke? Is there no shame?
2 thoughts on “The State Makes A Bad Deal”
Perhaps the thought process is that it would be more painful for the state to have those workers laid off collecting unemployment and the smaller companies that supply P&W with parts hurting or failing and having to lay off their workers. There aren’t that many manufacturing jobs left in the state so these type of workers won’t have a lot of opportunities to find work in that field if they suddenly find themselves unemployed.
I agree. My concern is akin to paying ransom to kidnappers–it only encourages more kidnappings.
When other businesses see this they will also want to shake the money tree.