Unanimous House approval for corporate welfare for Lockheed Martin

Without Arkansas’s money, the Lockheed Martin vehicle apparently would be more expensive than competitors to make, though it had said years ago in closing a Texas plant to move product to Arkansas that the Arkansas plant was more cost-efficient.

The new Republican priorities continue.

No tax cut for the bottom 40 percent of taxpayers.

No earned income tax credit for poor workers.

A tax cut for the wealthiest Arkansans.

A total tax exemption for capital gains for the very richest Arkansans.

A $120 million handout to Lockheed Martin.

UPDATE: The Senate approved similar legislation 31-3. Merry Christmas, Lockheed.

via Unanimous House approval for corporate welfare for Lockheed Martin | Arkansas Blog | Arkansas news, politics, opinion, restaurants, music, movies and art.

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