In a Related Matter… OH Gives GM $82.1m Tax Break for Chevy Cruze Production
In the rush to get a blog post ready, I often skim the end of an article, after digesting the headline. At the very tail of The Detroit News' piece on the Chevy Volt non-reveal reveal of its maybe-not-so-sexy after all design, I caught this little gem: "In a related matter, GM won tax breaks in Ohio this week to build the Cruze, which will get 45 miles per gallon, at its Lordstown assembly plant." (Nice bit of cheerleading, that hat tip on the Cruze's mpgs.) So, here's the bottom line: "The automaker won a 15-year, 75 percent state tax credit worth $77.7 million. It also won a $4.4 million tax credit to create at least 200 jobs at the plant." "Won." I like that. Anyway, while state tax breaks are de rigeur for all domestic car manufacturers these days, from Ohio-built sedans to Bubba-built Bama Benzs, how is this write-off "a related matter" to the piug-in electric – gas hybrid Volt? Will they look similarly anodyne? Should we expect state AND federal tax breaks for GM's plug-in Hail Mary? You bet we should. But that's the subject of an other story. Well, at least for us.
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