After Michigan agreed to spend $951 million of taxpayer money on two electric vehicles companies – Our Next Energy and Gotion Inc – the question remains: what do taxpayers get?
Politicians get election fodder, companies get money but taxpayers are left paying $951 million to create up to 4,460 jobs, or a per-job cost of $213,133. The deal is meant to last decades, with one tax break lasting 30 years.
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