February 21, 2007

Reverse Robin Hood

Toyota made a $3.6 billion profit in the last three months of 2006. Remember that as you read more and more stories about how the Bredesen administration is preparing to give Toyota millions of tax dollars to entice it to build its next assembly plant in Chattanoooga rather than just across the Mississippi River from Memphis in Marion, Ark. - but won't cut the food sales tax because it would "cost" the state an estimated $3.6 billion over the next 12 years.