Stop Fueling Corporate Welfare!
“Corporate Welfare” is government handouts to large corporations and their wealthy investors – money taken from the average taxpayer, even those who can barely make ends meet.
Senate Bill 2222 funds corporate welfare. It takes money from every farmer, every taxpayer in North Dakota, and gives it to huge corporations and their wealthy investors, in this case those building ethanol plants. We ALL pay for it.
These companies should be TAXED, NOT subsidized by taxpayers. Please support our referral, and vote NO on SB2222!
Who is getting YOUR tax dollars? Big corporations!
SB2222 is being used to increase the profits of huge corporations. Archer Daniels Midland, a corporate giant, is among the biggest contributors of “soft money” to both the Democrats and the Republicans – ensuring that they will get what they want, whoever is in power. That is why ethanol continues to be subsidized, when it benefits NO ONE but these corporations and their investors.
Dakota Renewable Fuels, which plans to build the new Valley City plant, promises its investors an annual return of 29.2% in its second year of operation – paid for by subsidies. Should taxpayers be forced to bankroll huge returns on investments during this bear market?
In addition to this, SB 2222 is likely UNCONSTITUTIONAL.
Article X, Sec. 18 of the ND state constitution reads: “…neither the state nor any political subdivision thereof shall otherwise loan or give its credit or make donations to or in aid of any individual, association or corporation except for reasonable support of the poor, nor subscribe to or become the owner of capital stock in any association or corporation."
SHOULD NORTH DAKOTA FARMERS AND TAXPAYERS BE FORCED TO SUBSIDIZE HUGE, FOR-PROFIT CORPORATIONS?
NO to SB2222!
Please help our effort. We need people to circulate petitions, write letters to the editor, call talk shows, and contribute. Download and distribute our flyer, or download and circulate our petition. We will also be happy to mail you copies of the petition, flyer, and fact sheet. Please contact:
c/o Norman C. (Clint) Cooper
4848 Highway 85, Lot 119
Williston, ND 58801-8612
701-572-1432 (Please call before 6 PM)