Flanked by Boeing and union leaders, Gov. Jay Inslee on Tuesday announced a tentative deal to win assembly of the Boeing 777X in Washington state.
The deal hinges on a legislative special session to pass $8 billion in tax incentives for Boeing through 2040. Other elements of the plan are a long-stalled $10 billion, 10-year transportation package, fast permitting for manufacturers, and education for aerospace workers.
“The bottom line is that this is what Boeing and the Machinists need to compete in the global marketplace and build this airplane in our state, and for us to secure our economic future,” Inslee said, adding that he hopes the package will be passed in the next week.
Look, I know that politicians know that if they don’t offer these sorts of deals, and Boeing up and moves production elsewhere, they’ll get some blame. And they should do some things to make sure Boeing does stay. But man are these sweetheart deals annoying. And as Goldy points out, Boeing is a profitable company.
Hopefully, as long as they’re using the special session to give Boeing everything it wants, the legislature can find time to pass a decent transit package.