Friday, March 29, 2013

Prospects good for steel mill subsidies

Posted By on Fri, Mar 29, 2013 at 7:34 AM

Sounds 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.

Sigh. I'm beginning to conclude that Brummett is right. That Davy Carter's unconscionable, unnecessary and unproductive capital gains tax giveaway is part of the grand bargain Beebe is working on to expand Medicaid, get his steel mill and perhaps some other lesser baubles.

If the steel mill works — and if it doesn't cost jobs at Nucor — and if 250,000 more people enjoy health insurance coverage, I know I need to relax and enjoy it. But I just can't help grumping at the notion that any benefit for the average Arkansan must be accompanied by a tribute to rich people, even though our regressive tax system, built on a punishing sales tax and organic favoritism to corporate taxpayers, already favors them.

Tags: , , , , ,

Favorite

Speaking of...

Comments (23)

Showing 1-23 of 23

Add a comment

 
Subscribe to this thread:
Showing 1-23 of 23

Add a comment

More by Max Brantley

Readers also liked…

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