Friday, February 23, 2007

Fletcher’s Fordfare Receives Stamp of Approval

From the Louisville Courier-Journal:

The House Appropriations and Revenue Committee tonight approved a bill that would make tax credits available to the Ford Motor Co. as part of an effort to make sure that the company keeps its two plants and their 8,000 jobs in Jefferson County.

The vote on House Bill 536, which now goes to the full House, was 24-0. The committee made no changes in the bill. The automaker, which last year lost $12.7 billion, has announced plans to close 14 parts and assembly plants nationwide, though it hasn’t identified which ones.

Granted, a bipartisan stamp. However, Fletcher proposed the handout.

Fordfare is unnecessary. Simply cease taxing unprofitable businesses.

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