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bob's rule (mander.xyz)

submitted 1 month ago by fossilesque@mander.xyz to c/196@lemmy.blahaj.zone

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[-] Gloomy@mander.xyz -5 points 1 month ago

This is misinformation

[-] pjwestin@lemmy.world 3 points 1 month ago

It says exactly what they claim it does:

Good Jobs First, among other things, serves as a watchdog for government subsidies, and maintains a database of subsidies and tax bonuses awarded to companies. Of note is the page for Royal Dutch Shell...The value presented on the page for RDS is $1.725 Billion...

[-] Gloomy@mander.xyz 0 points 1 month ago

Why stop the quote there?

$1.65 Billion, or 95.7%, comes from a single deal with the state of Pennsylvania for a tax-credit to build a massive petrochemical plant there.

The tax subsidies are a summation of all subsidies since 2003, not per year as the image claims.

The image tries to link federal SNAP benefits to total tax benefits for RDS. Of the $1.725 Billion listed on the page for RDS, total federal tax benefits account for $4.9 Million, or 0.2% of all total tax benefits.