Word: exported
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...Overseas Private Investment Corp. (OPIC) in Washington to the Kansas state agency responsible for industrial development, to the utility authority in little Guymon, Okla. Wherever Seaboard is, there is a government throwing money at it. Money the company uses to build and equip plants, hire and train workers, export its products and expand overseas...
...Every year, the country that receives the largest sugar quota is the Dominican Republic. With a per-capita income of $1,600 a year and an unemployment rate hovering around 20%, that Caribbean nation needs all the economic help it can get. And who is the largest private exporter of Dominican sugar? The Fanjuls, thanks in part to their long-standing relationship with the Dominican Republic's politicians. Through a subsidiary, Central Romana Ltd., the brothers grow sugar cane and operate the world's largest sugar mill there. The profit margin is substantial, partly because cane cutters on the island...
...Microsoft, which helped lobby for a 59-word clause in the Taxpayer Relief Act of 1997 that sweetened the tax break for software makers. The result will cost taxpayers an extra $1.7 billion over the next 10 years. That's ostensibly meant to encourage Microsoft and others to export, but Microsoft is already an aggressive exporter. So the tax break is in effect a bonus to encourage Microsoft to do something it already does...
...trade deficit, the object of these legislative exercises? The nation has run deficits in all but one of the 26 years since the tax breaks on export income were enacted in 1971. Total deficits for those years: $2.3 trillion...
...past five years, a time when AlliedSignal's financial numbers have been moving up smartly--profits increased 185%, to $1.2 billion, and dividends rose 82%, to $295 million--the company has collected more than $150 million in corporate welfare from federal and state governments. There have been federal export subsidies; Eximbank projects in China, India and Venezuela; and research contracts with the Department of Energy. Louisiana has excused the company from paying nearly $2 million annually in real estate taxes. Kansas came up with a package of incentives valued between $11 million and $14 million to persuade Allied to erect...