New study warns of corporate welfare peril | Arkansas Blog

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: ,

From the ArkTimes store

Favorite

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

  • North Little Rock mayor shows downtown plaza plan

    North Little Rock Mayor Joe Smith is presenting a plan to the City Council tonight for a downtown plaza meant to augment planned private developments and further enhanced downtown as a destination.
    • Sep 25, 2017
  • Attorney general asks for continued secrecy on execution drugs

    As expected, Attorney General Leslie Rutledge has asked the Arknasas Supreme Court for an "emergency stay" of a lower court ruling that the Correction Department must produce labels from one of the drugs used in executions.
    • Sep 25, 2017
  • Groups seek end to commercial collection of wild turtles

    Several environmental organizations to end commercial turtle collection in Arkansas.The harvests (more than 126,000 turtles from 2014 to 2016) are not sustainable and that, in turn, is damaging to ecosystems, the groups said.
    • Sep 25, 2017
  • More »

Readers also liked…

  • Super Bowl line

    Over to you.
    • Feb 7, 2016
  • In Little Rock, Marco Rubio sells American exceptionalism

    This is Rubio's axiomatic answer to Donald Trump's insistence that he and he alone will Make America Great Again: America is the greatest, always has been.
    • Feb 22, 2016
  • Auditor Lea caught not telling the truth

    State Auditor Andrea Lea, who began her tenure in statewide office with a degree of competence unseen in some other Republican counterparts (think Treasurer Dennis Milligan particularly), is becoming more deeply mired in a political scandal.
    • Mar 4, 2016

Most Viewed

Most Recent Comments

Blogroll

 

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