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Thursday, November 29, 2018

Michigan Democrats threatening to pull $2B tax credit from GM

LANSING (WJBK) - Lansing Democrats are threatening to pull $2 billion dollars in tax credits from General Motors--

In the wake of the automaker's decision to layoff Michigan workers, Michigan Democrats are threatening to pull $2 billion dollars in tax credits from General Motors.

On a scale of 1-10 the impact on this state, State Sen. Morris Hood (D-Detroit) considers this a 10.

"Whenever we lose one job, two jobs, and the amount of jobs we're losing -- I consider it a 10," he said.

Next March, GM's Detroit-Hamtramck Assembly plant is history, and in June, the workers at Warren Transmission Operations are also out of work.

Democrats in the Michigan Legislature are now on a mission to repeal the state's $2 billion tax credits for GM. The Senate Democratic leader argues the state, local and federal governments saved GM -- and now this.

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6 comments:

  1. Maybe the dems are finally trying to do something right

    ReplyDelete
  2. It's time for a look at GM executives' bonus packages, too.

    ReplyDelete
    Replies
    1. Go ahead. I no longer purchase from Gm.

      Delete
  3. Lose lose for everyone under GM's CEOs balls are nailed to the wall!

    TRUMP!
    TRUMP!
    TRUMP!

    ReplyDelete
  4. GM executives are trying to see how much they can suck out of the company, holding out to see if they will get any bail out money for a bonus on a bonus

    ReplyDelete
  5. Why are the Unions letting GM walk all over their members? Also, Dems are actually doing something about this - shocked!

    ReplyDelete

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