Chinese Companies and Your Tax Dollars – Wirepoints cited in the Wall Street Journal

The Wall Street Journal Editorial Board cited Wirepoints’ calculations on the billions of taxpayer dollars that will be spent on Gotion Inc., a Chinese EV battery manufacturer, so that the company will build a factory in Illinois.

Read the WSJ editorial: Chinese Companies and Your Tax Dollars

The Illinois investment is one of several that Chinese companies have made in the U.S. lately, fueled by U.S. subsidies. Gotion has a $2.36 billion project near Big Rapids, Mich., which received some $872 million in tax breaks and incentives from the state, according to the Detroit News. Wirepoints has calculated that based on its projected capacity, Gotion’s Illinois plant could also be eligible for $1.5 billion a year for five years in federal subsidies.

Read more on the Gotion controversy HERE

 

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Hello, Indiana!
2 years ago

Just read an article re JP’s EV bootcamp. Obviously in IL, you don’t even have to hide your communist agenda.

Riverbender
2 years ago

I read at another site ““First In The Nation”: Arkansas Forces Chinese Company To Sell Its Farmland” but here in Illinois we pay the Chinese to do things here.

Marie
2 years ago

The Wall Street Journal is the same as the Chicago Tribune to me. Don’t believe one word either one prints and wouldn’t pay a penny for a paper. All the calculations they make now are a joke, OF COURSE the final numbers will be much higher (everybody has to get a kickback) and more dangerous (security be damned). And, they will never print those numbers because they are always covering Pritzkers ample backside.

Admin
2 years ago
Reply to  Marie

“And, they will never print those numbers because they are always covering Pritzkers ample backside.” Marie, I suggest you read the article and the others Wall Street Journal has written on Pritzker. Wall Street Journal is the last good major paper in America.

Last edited 2 years ago by Mark Glennon
Marie
2 years ago
Reply to  Mark Glennon

Sorry, years ago I read the Wall Street Journal. Can’t do it anymore. It may be the last bastion of truth but I don’t think so. As with all newspapers, they are beholding to someone.

Hello, Indiana!
2 years ago

That Wirepoints and the WSJ question Pritzger and expose the facts about his “ deals “ while our local media makes like Marcel Marceau comes as no surprise.

Ex Illini
2 years ago

So I guess the WSJ is now a carnival barker as well, right JB? I’m sure King Pritzker is a subscriber and reads it daily while sitting on the thrown. The progressive liberal elitist would be happy to sell the state and the country down the river if it allowed him to further his vision of utopia. A slot machine in every home, a joint in every hand and a bell rings everytime there’s an abortion.

Tom Paine's Ghost
2 years ago
Reply to  Ex Illini

What throne can JB sit on? He had all of them removed from his house to criminally deceive the property tax collector.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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