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without investment there would be no jobs or taxes to collect in the first place. With this single move, texas gov will be able to collect more taxes from thous
by f430 6y ago
without investment there would be no jobs or taxes to collect in the first place. With this single move, texas gov will be able to collect more taxes from thousands of people making 100k+ and downstream suppliers also hiring and making more money.
Samsung can easily find other cities to produce in at lower cost outside America. Why is being competitive for once such a big issue here? Without the tax benefit Texans won't have thousands of high paying high skill jobs.
The tax break adds up to about $40 million a year which pales in comparison to the benefits Texans will receive.
- mywittyname 6y ago> Samsung can easily find other cities to produce in at lower cost outside America. No they can't. Austin and the surrounding area are key silicon fabrication regions. There are very few places in the world that can compete, and it is possible that they are forced to produce within the USA due to import/export restrictions on what they are manufacturing. This is a situation where the decision is already made, but it can't hurt to ask for tax break. Because hey, free money. Kind of like how Amazon "passed" on building out an NYC headquarters because the city wouldn't give them tax breaks (after locals protested), only to come back six months later and begin construction of their NYC HQ.