Friday, December 14, 2012
Corporate welfare New study warns of corporate welfare peril
Posted by Max Brantley 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 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.
Speaking of Business Tax Incentives, corporate Welfare
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Legislature today: Steel bill, Obamacare keep rolling
April 3, 2013On the legislative front: * BIG RIVER STEEL: The enabling legislation for state incentives to build a steel mill in Mississippi County won approval in a House committee today. /more/
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Prospects good for steel mill subsidies
March 29, 2013Sounds like this turkey is cooked. Direct support by House Speaker Davy Carter and slightly qualified support by Senate President Michael Lamoureux would make it appear Gov. Mike Beebe is going to get his big state subsidy to help a startup steel mill operation in Mississippi County, despite stout opposition from an existing competitor that cranked up here without such millions in taxpayer help. /more/
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The legislature rolls on
March 25, 2013I hope to check in later as joint House-Senate committees discuss the increasingly controversial plan to provide state subsidies for a new steel mill in Mississippi County. /more/
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Corporate welfare: Let's review all as carefully as steel mill
March 22, 2013The careful review of a major taxpayer investment in the proposed Big River steel mill is nothing but a good thing and there's no debate we can thank the new Republican legislative majority for the oversight. /more/
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Nucor steps up opposition to steel mill subsidies UPDATE
March 21, 2013Nucor, the big steel producer with a mill in Mississippi County, is increasing its attack on the state proposal to give tens of millions in subsidies to a startup competitor run by a former Nucor executive. /more/
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