FatDuck3
Oct 5, 7:04 PM
$JNUG $SLV $GLD $NEM $B
Guess the amount of subsidies for this India investment in Iowa ? Can then guess what the tax burden for each job that is created by this will cost the US tax payers ? The devils in the boring details
Using the 1,750 permanent-job figure & the
$1.36 billion maximum Iowa incentive package, the arithmetic is striking
Cost per permanent job
$1.36 billion ÷ 1,750 permanent jobs = ~
$777,000 per permanent job.
Breaking down the
$1.36 billion
The preliminary package presented to lawmakers was approximately:
$1.145 billion — investment tax credits
$154.35 million — sales-tax refunds
$60.5 million — withholding-tax credits
Total: ~
$1.36 billion
The Iowa project is part of an
$18 billion investment in the U.S. by India’s Essar Group, which the company calls the largest single investment in a steel complex in American history which will have significant subsidies on the backs of US taxpayers. There's other tax incentives
https://www.reuters.com/business/trump-unveil-planned-15-billion-iowa-steel-project-2026-09-28/?utm_source=chatgpt.com
https://www.instagram.com/p/DeFlvobmhW2/
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