“If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business. you didn’t build that. Somebody else made that happen,” the president said.
Well, somebody along the way just made it happen for Kohl's as Scott Walker's big government just announced it will be awarding the established retail outlet with a heavily subsidized village of surplus collectivism to "support" the company's future private-for-profit business growth venture.
Wheeler Report Excerpt:
Madison—Today Governor Scott Walker announced an agreement between Kohl’s and the Wisconsin Economic Development Corporation (WEDC), where WEDC will create an Enterprise Zone to provide up to $62.5 million in tax credits from the state of Wisconsin over 12 years to support Kohl’s long term growth. [...] Upon Kohl’s election to begin construction, the Village of Menomonee Falls will provide the necessary road improvements and up to $12 million, payable over several years, from the incremental tax revenue to be generated by the Kohl's development.
In the past, the state legislature voted on the creation of tax enterprise zones. But now with Walker's WEDC sham, a non-elected bureaucrat can grant major tax-shifting liabilities onto the population simply by decree. Secondly, Kohl's is a firmly upwardly mobile company with no need for government aid. At the same time, it's only fair to assume that Kohl's would not be expanding without "somebody" along the way helping them. Thirdly, this shows how backwards and upside-down our economic growth platform has become when we reward large privately vested businesses with collective kickbacks while small businesses struggle to maintain their head above water. Who will be paying to make up the difference in tax collections?
So far there has been no outrage from Wisconsin's Tea Party or business groups toward Scott Walker about this government-backed collectively bargained-for helping hand agreement with a privately held special interest.
Here's another "SHINING" example of a local growth opportunity made possible by the subsidized hand of somebody. That Obama ...he's so wrong.