Yesterday, in less than 5 hours with little to no debate, the Mississippi legislature gave away $250 million of your money to an undisclosed company. This project uses millions of tax payer dollars, including cash and compensation to the company , a 15-year exemption of corporate income taxes, and exemption from sales and use taxes. It pays the company back 3.5% of the gross payroll for 10 years and it allows the company to pay for employees’ moving expenses from other states.
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How to Spend $250 million in 5 hours
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Yesterday, in less than 5 hours with little to no debate, the Mississippi legislature gave away $250 million of your money to an undisclosed company. This project uses millions of tax payer dollars, including cash and compensation to the company , a 15-year exemption of corporate income taxes, and exemption from sales and use taxes. It pays the company back 3.5% of the gross payroll for 10 years and it allows the company to pay for employees’ moving expenses from other states.