Repealing Boeing's big tax break could be a bumpy ride

[Yo_Mama_Been_Loggin]

OLYMPIA — A bill repealing a lucrative tax break for the Boeing Co. encountered a little political headwind Tuesday.

The legislation aims to resolve an international trade dispute between the U.S. and the European Union and prevent billions of dollars in retaliatory tariffs on the aerospace giant’s planes, its suppliers’ products and other Washington exports such as fruit, wine and seafood.

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Last March, the World Trade Organization ruled that Boeing received illegal U.S. subsidies via tax breaks from Washington that damaged sales of Airbus planes. It concluded that particular tax break — which saved Boeing $99 million in 2018 — violated international trade rules. Non-compliance opens the door to the European Union imposing tariffs against U.S. and Washington goods.

At Tuesday’s hearing, Lisa Brown, director of the state Department of Commerce, said those tariffs could total $22 billion. Of that sum, $7 billion is targeted at the state’s aerospace industry, with roughly $260 million in tariffs on Washington fruit, seafood, wine and other non-aerospace exports, she said.

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https://www.heraldnet.com/news/repealing-boeings-big-tax-break-could-be-a-bumpy-ride/?utm_source=DAILY+HERALD&utm_campaign=d667150c69-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-d667150c69-228635337

[Wellstone ruled]

1. So those Tax Breaks,

Taxpayer subsides to Corporations as so called make jobs is now coming full circle. My guess is,Tesla and Nevada will see their days in court down the road.