Monday, May 14, 2012

steel



vs.



As the Los Angeles Times noted in January, Steel Dynamics has been cited before by Romney as a Bain success story. But the full story complicates things a bit for Romney and his calls for less government in the business arena.
The Los Angeles Times reported:
"What Romney doesn't mention is that Steel Dynamics also received generous tax breaks and other subsidies provided by the state of Indiana and the residents of DeKalb County, where the company's first mill was built."
"The story of Bain and Steel Dynamics illustrates how Romney, during his business career, made avid use of public-private partnerships, something that many conservatives consider to be 'corporate welfare.' It is a commitment that carried over into his term as governor of Massachusetts, when he offered similar incentives to lure businesses to his state."

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