Thanks to Republican Rep. Duncan Baird for calling my attention on Twitter to a new Pew study on the perils of corporate welfare — state tax incentive programs to lure business that can grow to crippling revenue drains.
Reliable cost estimates and annual cost controls for tax incentives have helped states promote job creation and economic growth while avoiding unexpected budget challenges. But Pew’s analysis shows that policy makers often create tax credits, deductions, and exemptions without these tools, raising the risk of budget shortfalls and unplanned spending cuts or tax increases to close them.
Commonsense, it's actually a provision of the Arkansas State Constitution from 1874.
Smith's Ark History on this day:
23-May 1903 Socialist Party of Arkansas…
HE WAS NOT HER FIANCE......HE WAS JUST A DOPE FIEND THAT COULDNT CHANGE...FUCC HIM.....HE IS…
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