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   WNY&P, LA&L & B&H
   Post reply ( Re: 45G Renewal Gains momentum )
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Topic Summary
Posted by: roc Posted on: Jul 17th, 2017, 4:22pm
While specifically not a LAL, BH, or WNYP issue, renewal of the 45G tax credit for shortline investment, a legal provision that our fave railroads have made heavy use of in the past, is gaining momentum.
 
That said, contact your legislators and remind them who butters their bread.
 
https://www.usa.gov/elected-officials
 
http://www.progressiverailroading.com/federal_legislation_regulation/news/ASLRRA-45G-tax-credit-achieves-majority-support-in-Congress
Posted by: towny72 Posted on: Jul 17th, 2017, 10:19pm
My only issue with this is how companies like G&W take advantage of this.  But I suppose it helps to keep paper railroads alive.  I have no issue with small actual short lines using our tax money.
Posted by: roc Posted on: Jul 18th, 2017, 1:25am
Me, too. G&W is at best a shortline holding company leveraging the economies of scale available to geographically disparate shortline railroads (ie better deals on cross ties, diesel, rail, etc).
 
Practically speaking, however, G&W is a global corporation sucking the public marrow dry, aka publicly subsidized infrastructure, private profit.
 
Nevertheless, it keeps trains running through my backyard. So who am I to quibble. Moreover, I'd like to see a lot more money invested in passenger rail and that never gets anywhere without public money.
Posted by: towny72 Posted on: Jul 18th, 2017, 10:37am
I know we are getting off topic.  
 
The G&W issue is one facing a lot of companies operating in America. The insatiable appetite of the investor continues to drive G&W to eat up everything it can to continue to show strong growth.  
 
The bidding war for the P&W is just one example.  G&W will continue to over pay and make offers small owners cant refuse, when they cant show growth investors will leave and G&W stock will plummet. The cycle may start again as G&W sells off lines to increase profit etc etc etc
Posted by: roc Posted on: Aug 19th, 2017, 2:38pm
on Jul 18th, 2017, 10:37am, towny72 wrote:       (Click here for original message)
I know we are getting off topic.  
 
The G&W issue is one facing a lot of companies operating in America. The insatiable appetite of the investor continues to drive G&W to eat up everything it can to continue to show strong growth.  
 
The bidding war for the P&W is just one example.  G&W will continue to over pay and make offers small owners cant refuse, when they cant show growth investors will leave and G&W stock will plummet. The cycle may start again as G&W sells off lines to increase profit etc etc etc

 
Sad but true. I think the world, especially as relates to infrastructure, needs more public benefit corporations.