Meanwhile, we get BUDGET CUTS for the blind, mentally ill and schools!
"$5m in tax breaks going to IBM for Littleton project
The Massachusetts Economic Assistance Coordinating Council approved $5 million in state and local tax breaks for IBM Corp., which recently began a $63 million expansion in Littleton. IBM vice president Bob McDonald said the company plans to create 42 jobs at the site over the next decade. McDonald said the computer giant, based in Armonk, N.Y., has already begun renovating a building and hopes to move into it next month. McDonald said the tax incentives were important, but the company would have gone forward with the expansion without them. IBM has 4,000 employees in Massachusetts, including about 2,000 in Littleton (Boston Globe)."
Of course, "flushing . . . millions of dollars away supporting a highly profitable industry" when it comes to $300 million in taxpayer dollars for Hollywood is o.k., and paying $13 million for a computer software system that could have cost less than $3 million is all right, and the lottery shelling out "millions of dollars" for sports tickets for "lottery officials, their family members, and friends" is fine, and making interest payments to banks to the tune of "a staggering $22 billion" for the Big Pit and paying off banks like UBS, who can "demand repayment of an additional $2 million a month beginning in January" while also receiving a "$179 million payment," while the state pension fund loses $1 billion dollars -- which still didn't stop the executive director from carving himself a nice "$64,000 bonus on top of his $322,000 annual salary." Oh, and did I not mention the golf courses, the tv ads, or the RECKLESS BORROWING while SITTING ON $2 BILLION DOLLARS! Need one final insult?: Massachusetts Gives More Money to Hollywood
Yeah, that's all O.K. Get the damn $$$ from HOLLYWOOD, BIG PHARMA, and RAYTHEON!
Oh, yeah, we CAN'T ELIMINATE the INCOME TAX because it will HURT VITAL SERVICES -- like giving TAX BREAKS to CORPORATIONS when they NEITHER NEEDED IT or WANTED IT!!
