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News Today: Koch Brothers Demand Corporate Welfare From One of America's Poorest Cities-News of the United States was founded in 1933 by David Lawrence (1888-1973), which also started the World Report in 1946. The two magazines are covering national and international news separately, but Lawrence combines them into news reports of U.S. in World and 1948 [1] and Later sold the magazine to its employees. Historically, this magazine tends to be a bit more conservative than the two main competitors, Time and Newsweek, and focus more on the story of economic, health, and education. It's also distancing news, entertainment and sports celebrities. [2] an important milestone in the history of the beginning of the magazine is including the introduction of the "Washington Whispers" column in 1934 and the column "News You Can Use" in 1952. [3] [4] in 1958, the circulation of the weekly magazine passed one million and two million in 1973. (
wikipedia) News Today: Koch Brothers Demand Corporate Welfare From One of America's Poorest Cities
They're worth $48 billion, but they still need assistance from small-town taxpayers.
The Koch Brothers talk a good game against “special-interest handouts” and “corporate welfare”—and support eliminating popular tax deductions that benefit the middle class—but they are happy to squeeze out every tax break they can get for their corporate operations.
When their Koch Industries Georgia-Pacific unit decided to build a new lumber plant in Talladega, Alabama, the company asked for and received a generous handout from taxpayers.
On October 9, the Talladega City Council approved a $5.2 million tax abatement for the facility, which is slated to open in 2018.
Talladega is one of the poorest cities in Alabama. Its median family income of $30,307 is roughly half of the national average, and one in four of its residents live below the federal poverty line.
According to the new Forbes 400 list, the Koch Brothers each have a net worth of more than $48 billion, and Koch Industries has an annual revenue of more than $100 billion.
Nonetheless, it is not unusual for Koch Industries to seek taxpayer assistance from state and local governments. The Good Jobs First Subsidy Tracker documents more than $363 million in such aid to the company and its subsidiaries from jurisdictions in 27 states.
So much for the free market.
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News Today: Koch Brothers Demand Corporate Welfare From One of America's Poorest Cities
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