Friday, December 14, 2012

New study warns of corporate welfare peril

Posted By on Fri, Dec 14, 2012 at 10:10 AM

Thanks to Republican Rep. Duncan Baird for calling my attention on Twitter to a new Pew study on the perils of corporate welfarestate 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.

Tags: ,

Favorite

Speaking of Business Tax Incentives, corporate Welfare

Comments (4)

Showing 1-4 of 4

Add a comment

 
Subscribe to this thread:
Showing 1-4 of 4

Add a comment

More by Max Brantley

Readers also liked…

  • Farewell to a school teacher, Susan Turner Purvis

    A tribute to a great school teacher, Susan Turner Purvis, who died yesterday. Far too soon.
    • Jul 17, 2015
  • AHTD asks Metroplan to lift six-lane freeway cap

    The board of directors of Metroplan has informed the state highway department that it cannot act on the highway department's June 17 request to lift its six-lane freeway cap at the board's June 29 meeting. Consideration of the request should take four months, Jacksonville Mayor Gary Fletcher wrote June 22 to highway department Director Scott Bennett.
    • Jun 23, 2016
  • Monticello preparing for KKK rally

    Drew County authorities are taking precautions, but also watching their words, about apparent plans for a Ku Klux Klan meeting Saturday.
    • Jul 22, 2015

Most Shared

  • Home again

    The plan, formulated months ago, was this: Ellen and I were going to go to Washington for inauguration festivities, then fly out the morning after the balls for Panama City and a long planned cruise to begin with a Panama Canal passage.
  • Who needs courts?

    Not since the John Birch Society's "Impeach Earl Warren" billboards littered Southern roadsides after the Supreme Court's school-integration decision in 1954 has the American judicial system been under such siege, but who would have thought the trifling Arkansas legislature would lead the charge?
  • Bungling

    If the late, great Donald Westlake had written spy thrillers instead of crime capers, they'd read a lot like the opening weeks of the Trump administration.
  • UPDATE: Campus carry bill amended by Senate to require training

    The Senate this morning added an amendment to Rep. Charlie Collins campus carry bill that incorporates the effort denied in committee yesterday to require a 16-hour additional training period before university staff members with concealed carry permits may take the weapons on campus.
  • Director to resign from state court administrative office

    Supreme Court Chief Justice John Dan Kemp announced today the resignation of J.D. Gingerich, long-time director of the administrative office of the courts.

Visit Arkansas

New Crystal Bridges exhibit explores Mexican-American border

New Crystal Bridges exhibit explores Mexican-American border

Border Cantos is a timely, new and free exhibit now on view at Crystal Bridges.

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation