John Carney’s Economic Vision for Delaware – Giving money and regulatory breaks to wealthy companies and taking money away from…state workers?
I don’t think I’m reading between the lines to say that Carney’s plan is more of the same giveaways (both monetary and regulatory) to large corporations:
John understands that the role of government in promoting a strong economy is to create an environment where businesses can thrive and invest in Delaware. That means moving faster than any other state when it comes to helping locate or grow a business that will create good jobs. It includes a regulatory environment that is fair, thoughtful and timely. Delaware’s current regulatory structure rests on a 40-year-old patchwork of inconsistent and often inefficient mechanisms to resolve regulatory matters. John wants to modernize this antiquated framework by streamlining redundant and inefficient processes and utilizing technology to increase efficiency and transparency. He knows how. In Congress, John fought hard to successfully change a regulatory burden under the Affordable Care Act that threatened to shift 500 Delaware jobs overseas.
Where does all of this financial largess coming from?
This is pretty squishy, and there is a lot of “state workers are going to take it in the ass” language – but he pretends to allow that rich folks might actually have to take part in the genius and innovative economic development scheme know as throwing tax break after tax break at large companies:
John believes it is time for a “reset” that takes a hard look at spending and revenue. If Delaware state government is going to continue to offer the services it provides to a growing population, and expand in areas where it’s weak, it will need to be more efficient and better able to eliminate unnecessary spending. A sustained focus on efficiency needs to be a permanent fixture of state government and embraced at the highest levels of all three branches of government. And, if we need to raise more revenue, we need an approach that promotes a growing economy, that’s fair to all taxpayers, and that minimizes the burdens on those least able to pay..
Folks, There are many, many high earners that will never consider moving here and many more current residents (including myself) that will leave the state for PA. Please raise taxes and then give it two years or so for people to react to any increase.
Example – JP Morgan opened office in north Wilmington. 99% of the big money makers live in PA.
Thanks! I was wondering about the dumb person take on this.
Folks, no matter how much you giveaway to high earners, no matter how low you cut their taxes, they will live somewhere else. Why live in Delaware when you can live in New York?
There is absolutely no connection between where people live and the tax rate of their homestate…
Mitt Romney lives in Massachusetts, for heavens sakes…
https://wallethub.com/edu/best-worst-states-to-be-a-taxpayer/2416/
Anyone who thinks otherwise is too poor to know better.
Why did you use my picture for a post about John Carney? Did I miss something about alternating current electricity supply systems in the post?
BTW–Tom Kline’s math about big money makers at JPMC is way off. I bet he did not count cars with PA tags coming and going to their building, and probably pulled that number out of thin air or his rear.
Nikola – I am on to your game. Having invented the alternating current (AC) motor, developed AC generation and transmission technology, and time travel, but unable to translate your copious inventions into long-term financial success, you have come to 2016 to be Governor of Delaware. But to what end? That is the final piece of the puzzle.
PS to other Readers – If I die suddenly under mysterious circumstances, I was likely murdered by a time traveling Nikola Tesla posing as the modern day human known as John Carney.
Carney’s boilerplate is unnervingly similar to the findings of the Business Roundtable/Chamber of Commerce ‘study’ released just about a year ago. Carney has recently been honored by the Chamber, and we know, based on his fealty to the Concord Coalition, that he is susceptible to cult-like mindlessness.
He’s basically Markell w/o the PR skills.
That fat republican guy seems fairly reasonable. I might vote for him over Carney