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WIBC 9AM-Noon Podcast

State approves spending $120 million of your money for auto manufacturing facility project

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 8 August 2023

⏱️ 5 minutes

🧾️ Download transcript

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Transcript

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0:00.0

The state of Indiana has approved spending $120 million of your money and you don't get to know

0:07.1

what it's for. Seems about right in the modern Indiana Republican party and what we're talking

0:12.9

about. So Indiana Capitol Chronicle has the article, uh, the budget panel for the state of Indiana

0:19.5

on Friday of last week approved a $120 million request from the Indiana economic development

0:27.6

corporation. Now we have talked about who these guys are. They're the Holcomb slush fund to be

0:32.4

able to strong arm farmers out of their land like they're doing in Boone County where they take

0:37.2

money, tax money from poor and middle class people and then they use it for sweetheart real estate

0:41.6

deals for some of the biggest most powerful companies in the world like Eli Lilly. And in the

0:46.1

most recent budget, no money really to help you with any sort of significance on property taxes or

0:51.5

you know, the gas tax went up again, but they had 500 million. The again, very high IQ people in

0:56.7

the general assembly had 500 million laying around to put in this little, uh, fund for Holcomb and

1:02.8

his buddies to help out their cronies. And the newest example of this is this $120 million

1:11.4

request that has been approved and Capitol Chronicle describes it as performance based incentive

1:18.6

funds for an automotive company planning to invest about 3.2 billion in a new facility that could

1:24.6

bring 1400 high paying jobs for Hoosiers. Now Ethan, while I never think that you should be taking

1:31.2

money from poor and middle class people and giving it to mega corporations, there may be some merit

1:37.2

to some sort of investment in the whatever they're trying to do some investment, but that's 120 million

1:44.8

dollars just going to this one automotive manufacturer and a lot of money. And uh, this is according

1:50.6

to Mark Wasky, who is the senior vice president of Community Affairs of the IEDC, the Capitol Chronicle

1:55.2

said he only revealed that the location will be located north of Indianapolis, but not in the

2:00.0

Lebanon, the leap initiative district in Lebanon. So you have no idea where this money's going.

2:08.0

You have no idea what it's going for. You have no idea who's going to benefit. You have no

...

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