“The Mercedes-Benz plant illustrates a fundamental principle of corporate welfare,” the article reads. “Everyone else pays for economic incentives — either with higher taxes, fewer services or both.”
I could not have said it better myself. This article is definitely worth reading.
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“None of us want to see them go down,” McConnell, the Senate Minority Leader, said last week, “but very few of us had anything to do with the dilemma that they’ve created for themselves.”
Still, there’s plenty of blame to go around. Consumers purchased those large vehicles, thus creating the demand. And contrary to McConnell’s statement, many observers argue that Congress had a responsibility to nudge the industry toward better fuel economy years ago. A 1990 vote to increase mileage standards to 40 miles-per-gallon came three votes shy of Senate passage.
McConnell voted against it. Shelby, a Democrat at the time, did too.