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?

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