Andy your bang on. Let's not split hairs over "state taxes" Let's be honest with ourselves and call a spade a spade. The fact of the matter is the $65-71 billion is a dollar amount Boeing will never have to pay in taxes as part of running their business. A subsidy is a subsidy is a subsidy whether its national government loan guarantees or state tax breaks which roll over continuously. Boeing is the most subsidized a/c manufacturer in the world by a long shot. So they have no other reason to fight this fight other than to destroy an aerospace company in order to prevent what could become another competitor in the future. Airbus as I understand has now taken an small equity position with Bombardier and some of the major construction of the -300 will take place at one of their U.S. facilities which means high paying jobs for Americans. Don't count on Boeing doing anything of the sort in Canada beyond building a few smaller aircraft parts. They are a bunch of F.....kers plain and simple.
The "Borg" Boeing was suppose to have meeting with the US government yesterday I believe to discuss how they would be hurt by Bombardier selling their jets to U.S. carriers. They don't compete with Bombardier in that market segment so It will be interesting to hear the BS they spue out to justify the tariff and their "dumping" claim. Won't be surprised if the half wits in the U.S. government agree. Shameful.