November 06, 2007

The Next Big Incentive Boondoggle

The next big incentive package boondoggle that the state is about to give your tax dollars away to land is...

Private jets for corporate executives and celebrities!

Or so says this WRAL story.

Raleigh Durham International Airport could be in the running to land an expansion or perhaps even the relocation of NetJets, a global operator of hundreds of small corporate jets. Billionaire Warren Buffett controls the company.

The bidding for NetJets apparently is expensive. According to the Orlando Sentinel, Florida legislators could get access to a $250 million “innovation incentive fund” and a $45 million “quick action closing fund.”

Ah yes, our tax dollars to support Warren Buffett.  Wait, didn't he just say last week that he needed to pay more in taxes?

Chris Hayes
By Chris Hayes
Nov 6, 2007 6:59:49 PM | Corporate Welfare

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