Thursday, July 15, 2010

Missouri Senate Passes Bill to Keep Ford Motor Plant

There have been plenty of rumbling about the fate of the Claycomo, MO Ford plant.  The plant currently produces the popular F-150 and has been subject of speculation about closure.  The Missouri Senate passed a bill to provide extensive tax breaks to the company that would save them $150 million over the next ten years.  Governor Jay Nixon endorsed the tax breaks in order to remain competitive with other states and hopefully entice Ford to keep and possibly upgrade the plant.

The bill is aimed to keep one of the largest employers in the state from finding a new location.  While it costs the state a considerable amount of income, and there is no guarantee Ford will remain here, it was better than losing 3700 taxpayers who were possibly getting laid off. If those Missouri taxpayers moved out of the state to find new jobs, the damage would be even more considerable.

The bill passed on July 14 despite a 21 hour filibuster and is awaiting Gov. Jay Nixon's signature.

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