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The Manitowoc Company, Inc. Message Board

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  • rayguy222 rayguy222 Jan 19, 2012 1:51 PM Flag

    OT-but fwiw...Obama rejects Keystone Pipeline

    I understand your argument but we're already on good terms with Canada; a pipeline is not going to make or break our relations. I'm also not sure if the tax revenue from this project is going to be as favorable as you think. I'm under the belief that since the oil companies already receive 4-5 billion in tax breaks annually, that this project won't be any different. I know due to an exemption Kansas gave TransCanada on this project, the local authorities would lose $50 million public revenue from property taxes for a decade. In addition, since there are only going to be a few thousand temporary jobs at most building the pipeline, the money isn't going to spread to non-oil industries like you say.

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