(Watchdog.org) Des Moines, IA – As the deadline to pay income taxes approaches, it’s important to remember that government does more than just take your money — it also uses your money to let others skip paying taxes.
The Iowa Economic Development Authority announced Friday it had approved almost $1.7 million in tax credits and other incentives for four well-established, profitable companies that intend to expand or build manufacturing facilities in the state.
The biggest state tax break announced Friday went to Tyson Fresh Meats, which was awarded more than $950,000 in tax credits. It is a wholly-owned subsidiary of Tyson Foods, the second largest food production company in the country. Since opening its doors in Iowa in 1986, the company has received more than $7 million in tax credits and loans from the state.
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