“Saving Jobs” in Indiana while Losing Twice as Many Jobs

POSTED BY MARTIN KICH

This is from CNN’s Politics Nightcap newsletter of August 29, written by Eric Bradner:

 

“Indiana’s Business Tax Breaks under Pence Scrutinized

“Under Gov. Mike Pence, the Republican vice presidential nominee, Indiana companies are getting tax breaks even though they’re outsourcing jobs, the Indianapolis Star‘s Tony Cook reports.

“How does this work? It’s complicated, but here’s an example: Vera Bradley got a 10-year, $1.75 million tax break to add 128 jobs to its 567 in Roanoke, Indiana. But in nearby New Haven, Vera Bradley laid off 250 workers, shifting their jobs to Asia. That’s almost double what they added in Roanoke — yet the company didn’t lose its tax break. Other states have banned this but Indiana has not.

“Why this matters: Pence is running on a Republican ticket laser-focused on jump-starting the economy by cracking down on outsourcing and the trade deals that allow it. That under his leadership, Indiana has failed where other states have succeeded, calls Pence’s ability to achieve that goal into question.”

 

Mike Pence

 

One thought on ““Saving Jobs” in Indiana while Losing Twice as Many Jobs

Your comments are welcome. They must be relevant to the topic at hand and must not contain advertisements, degrade others, or violate laws or considerations of privacy. We encourage the use of your real name, but do not prohibit pseudonyms as long as you don't impersonate a real person.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s