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In washington. that will secure tens of thousands of jobs and yield huge benefits and bolster our state's legacy as the aerospace capital of the world. the deal would amount to the largest corporate tax subsidy any state has offer and represent 10% of all corporate subsidies and knock alcoa out of the top spot. in 2007 the power authority agreed to give electricity a quarter of the standard rate if it builds the aluminum plant there. the savings is 5.6 billion over 30 years. boeing got the third largest deal ten years ago. washington state provided $3.2 billion so boeing would build the 787 dr...

To 4% on what they will pay. it's a small part of their overall bottom line. >> what's interesting is all of these deals when politicians sell them, it's going to create jobs and going to be a boom for the economy. do we know that for sure? >> no, we don't. it's not entirely clear that the deals lead to job creation. as i said -- >> make sure you don't lose jobs. >> sure. >> it's bay paying not to lose jobs. >> when the company goes into a location for a new plant, taxes are part of that. it's the end of the day, it's a small difference. it's the difference of 1% or 2%. the jobs will go somewh...

It's not just corporations. as we speak, officials in cob county, georgia are trying to lure the braves out of downtown offering them nearly a half billion to build their new ballpark in the suburbs. supporters of these mega deals said they create jobs and attract investment and give a lift to the region. the money benefits the companies and shareholders and leave taxpayers holding the bag. they do a lot of stuff looking at the business. let's look at the washington state bureau. obviously the impact of both leaving washington state. it would have been an economic disaster. >> back in the 1970...

To a lot of people. thanks if are coming on. >> my pleasure. >> the biggest corporate subsidy ever. would you believe more than $8 billion. billion with a b. boeing is the big winner this time. not the only that benefitted. a deep dive into how states are carving out giant tax loopholes to keep corporations in their own back yard and we will look at how it ends up costing you money, the taxpayer. we will look at the politics planner. we may be talking about health care, but it's a private meeting between secretary kerry and the senate banking committee on iran. they are trying hard to prevent ...