Corporate welfare: How much is too much? | Arkansas Blog

Monday, April 13, 2015

Corporate welfare: How much is too much?

Posted By on Mon, Apr 13, 2015 at 10:47 AM

Worth noting: A trial has begun in Louisiana over alleged fraud in the state's practice of handing out huge tax credits to TV and movie productions that work in the state.

Also at issue in the trial is the question of whether Louisiana has given away too much — $220 million last year, for example, with the state struggling with a $1.6 billion deficit. And this case isn't the first hint of corruption in the program.

Gov. Asa Hutchinson persuaded the legislature to ask voters to allow unlimited state borrowing to hand out enticements to private industry, where the state's bonding authority is currently capped. Unlimited deficit spending to get jobs? How much is too much?

Tags: , , ,

Sign up for the Daily Update email

Comments (6)

Showing 1-6 of 6

Add a comment

Subscribe to this thread:
Showing 1-6 of 6

Add a comment

More by Max Brantley

Readers also liked…

  • Satanic Temple: Make Rapert pay for Ten Commandments monument

    A petition drive has begun to encourage a demand that Sen. Jason Rapert pay for the legal fees in defending his Ten Commandments monument proposed for the state Capitol grounds. It's more work by the Satanic Temple, which has fought church-state entanglement around the country.
    • Aug 28, 2016
  • French Hill votes against disaster aid to Puerto Rico

    Republican U.S. Rep. French Hill alone among Arkansas's House delegation voted last week against a measure that provided $36.5 billion in disaster aid, a portion  for hurricane-ravaged Puerto Rico as well as money for wildfire response and to support the flood insurance program.
    • Oct 14, 2017
  • Speaking of the Clinton Foundation: Returns in maize and beans

    A reporter for Politifact, the Pulitzer Prize-winning fact-checking organization, sent a reporter to Africa to see where money given to the Clinton Foundation has been put to work. He found tangible results.
    • Sep 6, 2016

Most Viewed

Most Recent Comments


© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation