BuckeyeBlog

Your tax dollars are being used to give a little welfare to Warren Buffett:

NetJets Aviation and sister company FlightSafety International were formally awarded state job-creation tax credits valued at $26.4 million yesterday.

The credits were part of $67 million worth of incentives offered in March to persuade NetJets to keep its base in Columbus. …

Retaining the two companies, both controlled by billionaire Warren Buffett, is expected to save 2,000 jobs in Ohio and generate more than 800 jobs in the next several years.

This kind of thing puts Mr. Buffett’s opposition to the repeal of the estate tax in perspective: if the government was confiscating less of your money it wouldn’t be able to give these cushy tax breaks to companies he owns.

Tags: Corporate Welfare

This entry was posted on Tuesday, July 1st, 2008 at 11:39 am and is filed under Economic Freedom. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.