Guest Blog: Corporate Welfare: On Our Backs

October 15, 2012
By Alex Showerman | 0 comments

Editors Note:This post comes from Derek Showerman,A long time Massachusetts resident, entrepreneur, and consultant for Fortune 500 companies. Follow him on [email protected] views expressed in this post do not necessarily reflect the views from Democracy for America, any current or past employers of Mr. Showerman, or that of DFA's principals and staff. To submit your own guest post please [email protected] As a resident of Massachusetts, I wanted to take the time to share my first hand experience of having Mitt Romney as the CEO of our local government. Not because I want to slander Mitt Romney, nor do I want to portray the great state of Massachusetts in a negative light. This factual case study of the Presidential Candidates time as Governor is a critical read for undecided voters and is why I took the time to share my factual account of the Romney years here in the state I call home. I broke down the case study into 2 easy to digest parts: 1. Corporate Welfare: Mitt Romney was notorious for moving money from the public sector to the private sector (large corporations). The following is a documented case study about how Romney used tax payer money to buy jobs from a large corporation called Bristol Squibb Myers. To bring Bristol Squibb Myers to Boston he created 400 jobs, but it cost an average of $250,000 in tax payer money per job to get them to bring the plant here.For tax payers, that is a very poor return on investment if you ask me. As a Massachusettes resident, it felt to me that he used our state to create some data points of success so he could run for President. He created his talking points by using tax payer money to buy jobs from Bristol Squibb Myers and removed $100 Million from the public sector to the private sector. Big business benefited while the state had less money (earned and paid taxes in MA) out of the state circulation. This is just one of many instances where he cut deals that benefitted corporations at the expense of the tax payers, commonly referred to as corporate welfare. 2. Cuts to Basic Rights & Increase in Fees: Romney left office with a 720 Million surplus (not 1 Billion as many Republicans have inaccurately said), but at what expense? He accomplished this by raising fees for basic state functions (such as drivers licenses, marriage licenses, etc), and cutting state funding by $1.6 billion, including a $700 million cut in state aid to cities and towns (which ultimately caused local property taxes to go up an average of 24 percent). The cuts also included a $140 million reduction in state funding for higher education, which led state-run colleges and universities to increase tuition fees by 63 percent over four years. Please also note, these are all basic services that a government can and should provide for the greater good of the middle class. Calling a spade a spade, Romney used Massachusetts as a platform to take the next step in his political career I.E running for President. On paper he created a few nice talking points, in reality he gave millions of Massachusetts Tax money to corporations and left the state high and dry. The education systems and environment are still recovering from his cuts and policies, thankfully the insane fees he imposed on marriage and driver licenses have been since repealed. Mitt Romney used Massachusetts for his political agenda and left the state with an empty "surplus". His time in my state showed what he will do to Americas Middle Class he will continue to redistribute the wealth from the many to the corporate few. Facts are the facts; I hope this helps undecided voters make an informed decision about a candidate based on his true historical record.



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