Fighting back !!!

[Zero333]

Didn't think there was anyone left with balls to stand up to the liberal bs. But I was wrong !

http://www.knoe.com/content/news/Georgia-Lt-Gov-defends-stance-against-Delta-475428713.html

50 million is not a small chunk of cash.

 

[JRS]

They aren't losing money, they simply don't get the tax break. Delta's slice of the pie was $40 million. The others shared the remaining $10 million. They too lose out on the tax break. It's a pretty unwise economic move.

 

[Zero333]

The Governor is trying to fight back and make a point. Be it wise or not.

 

[JRS]

The Governor is trying to fight back and make a point. Be it wise or not.

I hope the Governor has considered the enormous amount of money Delta contributes to their economy. They could easily discontinue those charitable donations. It's quite possible this is nothing more than a temporary PR stunt for the Lt. Governor to be elected as their next Governor.

 

[Zero333]

I hope the Governor has considered the enormous amount of money Delta contributes to their economy. They could easily discontinue those charitable donations. It's quite possible this is nothing more than a temporary PR stunt for the Lt. Governor to be elected as their next Governor.

I understand what you're saying.
Either way, Delta is not going to change anything if they don't get the tax grant.

 

[ebb]

JRS delta was getting a 40 million tax break now they aren't, so where is the 40 million coming from? It sure sound like they are losing money to me?

 

[JRS]

JRS delta was getting a 40 million tax break now they aren't, so where is the 40 million coming from? It sure sound like they are losing money to me?

They can't lose what they don't have. The jet fuel tax break was an incentive to keep the airport in a competitive position. Who knows… perhaps Delta would have invested even more money into Georgia's economy with that tax break. This is nothing more than political maneuvering before the midterms. It could backfire on them. $453 billion per year going into their economy isn't pocket change.

 

[Clucknmoan]

They can sure as hell lose what they were going to get. They can play all the word games they want, at the end of a given time period all things being equal, they have $40M less than they would have. That's losing.

If one of customers cancelled a $100k contract because of a bonehead maneuver we pulled, bet your ass I'd call it losing out on $100k.

 

[JRS]

They can sure as hell lose what they were going to get. They can play all the word games they want, at the end of a given time period all things being equal, they have $40M less than they would have. That's losing.

If one of customers cancelled a $100k contract because of a bonehead maneuver we pulled, bet your ass I'd call it losing out on $100k.

100K is nothing to a corporation of that size.

 

[Clucknmoan]

Didn't say there number was $100k. It was an example of how I would look at it in my business.

 

[JRS]

Didn't say there number was $100k. It was an example of how I would look at it in my business.

I understand what you are saying. However, there is always others standing in line to fill those seats. I have no dog in that fight. That's between the chest thumpers in their legislature and Delta. Tit for for tat could prove to be devastating for the state of Georgia.

 

[Clucknmoan]

The tax break has nothing to do with number of seats being sold. It means you get to keep more of the money you profited off those seats you sold.

You really just proved the point. Yes, there are X amount of seats to be sold and that's capped, so they want as much profit per seat as they can get. Not getting a $40M tax break means they keep less profit per seat. They are actually losing what they already have, which is profit that they will have to pay tax on. That's much worse than losing what you don't have, like you stated above.

 

[JRS]

The tax break has nothing to do with number of seats being sold. It means you get to keep more of the money you profited off those seats you sold.

You really just proved the point. Yes, there are X amount of seats to be sold and that's capped, so they want as much profit per seat as they can get. Not getting a $40M tax break means they keep less profit per seat. They are actually losing what they already have, which is profit that they will have to pay tax on.

They pay state, federal, and local tax on their income. The bill was introduced to lower the amount of tax the airlines had to absorb for fuel costs. If/when they can't remain competitive, the state of Georgia will suffer. It's nothing more than PR work and chest thumping. I watched the same thing with Southwest Airlines a number of years ago. Once the state recognized the economic impact losing them would have, they reversed course. Politics is the one of the biggest contributors to the destruction of our country.

 

[snert]

They pay state, federal, and local tax on their income. The bill was introduced to lower the amount of tax the airlines had to absorb for fuel costs. If/when they can't remain competitive, the state of Georgia will suffer. It's nothing more than PR work and chest thumping. I watched the same thing with Southwest Airlines a number of years ago. Once the state recognized the economic impact losing them would have, they reversed course.

Just because a principled stand costs a lot (be it money, self sacrifice or lives) does not make it wrong, or much less, not worthwhile. For every principled stand there is a cost. Thank God for principled men in our history.

 

[JRS]

Money controls our politicians and country. Delta has more money than the state of Georgia. We'll have to wait and see what happens.

 

[284winner]

I understand what you're saying.
Either way, Delta is not going to change anything if they don't get the tax grant.

Or if they do !!!

 

[Toby Bradshaw]

They can't lose what they don't have. The jet fuel tax break was an incentive to keep the airport in a competitive position. Who knows… perhaps Delta would have invested even more money into Georgia's economy with that tax break. This is nothing more than political maneuvering before the midterms. It could backfire on them. $453 billion per year going into their economy isn't pocket change.

Missed a decimal point. Even DELTA doesn't claim that its impact in GA is more than $45.3B.

And this is worth reading. Delta's current lease in ATL doesn't expire until 2035.

 

[snert]

Or if they do !!!

But they wil not get a TAX break, which means they lose money, and the state gets it. Maybe at .25 dollar off-set (meaning the govnt will still spend .75 too much, regardless) that extra .25 dollar gets spent on something worthwhile? Maybe a tax cut for Joe the Plumber?

 

[scubohuntr]

It won't hurt Delta at all, financially. Their bean counters are already busily rubbing their greasy little hands together, "Let's see, no more tax break on so many gallons of fuel divided by that many seats, add a comfy profit for us, fares just went up by that much and we can blame it on the state. And no more pretzels!" So basically Delta's passengers get to pay the tax, instead of the citizens of Georgia. I applaud the guts of Georgia's governor though. Most of them are too busy kissing the butts of any business that will locate in their states, and would never dare speak up.

 

[Dgd6mm]

Georgia will survive easily and Delta will be right there doing business as usual.