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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump family hotel being built in Mississippi just got a big handout from the GOP led State Govt.
https://www.nytimes.com/2018/02/21/business/trump-hotel-scion-mississippi-tax-rebate.htmlThe State of Mississippi on Wednesday awarded a tax break worth up to $6 million for a hotel project involving the Trump family business, a public subsidy that could indirectly benefit President Trump.
The board of the Mississippi Development Authority approved the so-called tourism tax rebate, which had been requested by the developments local owners, Dinesh and Suresh Chawla. The Trump Organization will brand and manage the hotel and collect fees from the Chawlas for doing so.
The subsidy, to be paid out over a period of many years, is expected to offset nearly a third of the Chawlas projected $20 million in costs for building the hotel, which is scheduled to open this fall in Cleveland, Miss. The property, called Scion West End, is to be the first in a new line of four-star Scion hotels that the Trump Organization announced late in the 2016 presidential campaign.
The states approval of the tax rebate is the culmination of more than two years of efforts by the Chawlas that predate their partnership with the Trumps, according to emails obtained by The New York Times through a public records request. After the Chawlas announced plans last June to team up with the Trumps, Suresh Chawla alerted an array of personal contacts and state and local officials, including an aide to Mississippis governor, Phil Bryant, in emails with the subject line Trump Hotels Coming to the Mississippi Delta.
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What the actual f......
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Trump family hotel being built in Mississippi just got a big handout from the GOP led State Govt. (Original Post)
sunonmars
Feb 2018
OP
One gets the feeling that if Mississippi DIDN'T give the $6 million tax break,
no_hypocrisy
Feb 2018
#1
no_hypocrisy
(46,202 posts)1. One gets the feeling that if Mississippi DIDN'T give the $6 million tax break,
the WH would remember the slight in the future whether it meant subsidies or tax breaks for the state.
duforsure
(11,885 posts)2. The voters of Mississippi
Have now been told their state representatives are taking their tax money to prop trump's hotel up with, making their taxes higher. Another way to say it is bribes. Why aren't the voters getting more tax breaks instead?