Iowa approves pricy foreign-owned steel plant project in swing district

RIGHT I NEED THIRTY SECONDS OF YOUR LIFE, THIS IS LIKE BUYING A USED CAR AT MIDNIGHT WITHOUT LOOKING UNDER THE HOOD AND I AM BEING RESPONSIBLE FOR ONCE LISTEN. PRESIDENT TRUMP ANNOUNCED THE LARGEST STEEL PLANT IN U.S. HISTORY IS COMING TO IOWA AND LAWMAKERS JUST RUSHED THROUGH A ONE-DAY SPECIAL SESSION TO GIVE MESABI METALLICS ONE POINT THREE SIX BILLION DOLLARS IN TAX CREDITS OVER TEN YEARS. MESABI IS OWNED BY AN INDIAN CONGLOMERATE CALLED ESSAR GROUP AND THE THING IS THE DEAL PROMISES SEVENTEEN HUNDRED FIFTY PERMANENT JOBS WHICH AMOUNTS TO ABOUT SEVEN HUNDRED SEVENTY-SEVEN THOUSAND DOLLARS PER JOB AND CRITICS ARE MAD BECAUSE HOWARD LUTNICK CLAIMED THE DEAL WAS DONE BEFORE LAWMAKERS EVEN GOT DETAILS WHICH IS WILD BECAUSE ESSAR HAS A HISTORY OF DROPPED PLANS AND BANKRUPTCY IN MINNESOTA. ANYWAY THE DJ IS COOKING, LET US GO.

I HAVE BEEN THINKING ABOUT THIS ALL DAY AND SEVEN HUNDRED SEVENTY-SEVEN THOUSAND DOLLARS PER PERMANENT JOB IS ABSOLUTELY WILD, BUT IOWA LAWMAKERS JUST APPROVED ONE POINT THREE SIX BILLION DOLLARS IN TAX CREDITS FOR A FIFTEEN BILLION DOLLAR STEEL PLANT IN LEE COUNTY AND GOVERNOR KIM REYNOLDS SIGNED IT INTO LAW AFTER A ONE-DAY SESSION, WHICH IS WILD BECAUSE MESABI METALLICS IS OWNED BY ESSAR GROUP WHO PREVIOUSLY PROMISED A STEEL PROJECT IN MINNESOTA BEFORE DROPPING IT AND FILING FOR BANKRUPTCY, AND THE THING IS THIS PLANT SITS RIGHT IN A SWING DISTRICT WHERE REPUBLICAN MARIANNETTE MILLER-MEEKS DEFENDED HER SEAT BY ONLY SEVEN HUNDRED NINETY-EIGHT VOTES, SO NOW PROTESTERS ARE CARRYING NO STEEL STEAL SIGNS AND ASKING WHY AN INDIA-BASED CONGLOMERATE GETS SUBSIDIES WHILE LOCAL FARMERS ARE STRUGGLING. ANYWAY THAT IS ENOUGH NEWS FOR ONE NIGHT.

Iowa lawmakers approved $1.36 billion in tax incentives for an Essar-owned Mesabi Metallics steel plant after President Trump announced the project.

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