Manufacturers Grumble Over Tax Credits Designed to Stimulate Job Creation

A variety of federal, state and local inducements made to Siemens AG, a German firm, induced it to open a new manufacturing facility in Charlotte, NC. The firm manufactures gas turbines to power electric plants globally.

Employing 800+ American workers, Siemen AG’s decision to build the new plant in Charlotte was influenced by a variety of factors, a mix of planks from the platforms of both polititcal parties. Some executives in the firm feel market demand and not tax credits should influence hiring.

To stimulate economic activity and create jobs Republicians favor reduced taxes and reguations, while Democrats prefer granting generous benefits to select industries. Some in the manufacturing industry feel neither political party’s platform is planned well to accomplish that.

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