The Palmetto Insider

The blog of the South Carolina Policy Council

Poll: Are SC Lawmakers Giving Away Too Much To Boeing?

with 4 comments


Written by Cotton Boll Conspiracy

October 29, 2009 at 3:35 pm

4 Responses

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  1. How long will it take to recoup the taxpayers’ $50,000 to $200,000 per job created?


    October 29, 2009 at 5:54 pm

  2. We need jobs. The taxes from people that get employed by Boeing along with all the other taxes on the backside will more than compensate.


    October 29, 2009 at 5:58 pm

  3. This is a major problem with our fine politicians. They will give away the farm to make themselves look like they are really looking out for our interest. Although Boeing is a large coporation and will hire some locals (we don’t and won’t know how many will be brought in from Washington), they do lay off people when they can’t sell planes and can later close the doors and walk away with not much invested in this deal. This happens all the time with smaller companies in the rural counties so desperate for jobs.

    Bob Eppinette

    October 29, 2009 at 7:40 pm

  4. Just running some numbers based on National Salary averages and the information given to us by the press.
    The income tax generation to the state from the 3800 Boeing jobs would generate about 7,075,600 dollars per year and the $170,000,000 would be paid back by those employees in about 24 years. The “spin-off jobs” would generate an approximate $7,586,420 per year which means the payback to the State would be 12-13 years provided Boeing hires as many people and that they do not qualify for the “unemployed credit” which would put their payback period back up to 16-18 years and as Seattle found out Boeing can be cruel mistress when their incentives run-out.
    My knee-jerk reaction to this is that jobs are great, but these are only in one County, why not cut the Corporate Income tax and save businesses all over the state money for more jobs or pass Point of Sale reform at 1/3 the cost of this and save over 4,800 real estate jobs across the state.
    If we have to give so much away with each corporate move to SC, do we really want more Industry Giants coming to our state and costing taxpayers and small businesses any more money?

    Jane Page Thompson

    October 30, 2009 at 3:26 pm

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