reidsmom | Arkansas news, politics, opinion, restaurants, music, movies and art

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Recent Comments

Re: “Joyce Elliott to quit Promise Neighborhood job

You liberals sound like all the Razorholics making excuses for Petrino in hopes he'd keep his job.

Situational ethics is a funny thing to sit back and watch.

18 likes, 14 dislikes
Posted by reidsmom on 04/30/2012 at 6:32 PM

Re: “Caterpillar exec pleads for tax break

You don't have it right - at least not entirely.

They do want lower rates.

The CEO also said those lower rates should be contingent upon broad tax reform by which inefficient loopholes and subsidies are removed from the system. In other words, a fairer system that does not pick winners and losers and there is less chance companies will pay an effective tax rate that is far less than the rate on the books---see GE's effective tax rate of next to nothing as an example of what I'm talking about.

Posted by reidsmom on 10/27/2011 at 10:31 AM

Re: “Caterpillar exec pleads for tax break

What Max failed to mention is that he wants to see comprehensive tax reform that makes the system more efficent and fair---less picking of winners and losers via special loophoiles and subsidies. he specifically said the rate needs to be lowered and the special interest loopholes need to go so that you see more companies with an effective rate that more closely resembles the rate on the books..

Posted by reidsmom on 10/26/2011 at 2:13 PM

Re: “Little Rock tax vote tonight

I salute Mayor Stodola and the City Board for making a strong commitment to economic development. People often forget this because it happened so long ago, but the Little Rock Port would have never happened if not for the citizens of Little Rock voting to support a large bond issue to purchase the land and make the necessary infrastructure upgrades – roads, rail, water lines, sewer lines, etc. I believe almost anyone would agree this was an excellent investment for the community and region – Skippy Peanut Butter, clean energy jobs at LM Windpower, Welspun Pipe, Lexicon Steel, and the list of companies located there goes on and on. These companies have employed thousands of people over the years and represent millions of dollars of payroll. Again, it would not have been possible without the citizens of Little Rock deciding to invest in their community and creating a very attractive industrial park which has served as a job creation engine for many, many years. I believe now is the time to reinvest in the port and in the proposed research park just as the previous generation once did.

Some critics of economic development funding blast them as being “corporate welfare” or “slush funds” and say they are unneeded because site location decisions are driven by other factors such as available workforce, proximity to raw materials, quality of local education, etc. These critics are exactly right about the factors companies consider when making a site location decision---incentives don’t drive site selection. However, what happens when there are several locations competing for a new business that have all of the ingredients necessary to make that business successful? I would argue that’s when incentives can make a difference - the prospective company will choose the location that has the ability to lower their front end costs the most. That being said, it makes no sense to me for Little Rock to unilaterally “disarm” with respect to economic development funding if other communities are not following suit.

Finally, many on this forum have made a strong case for more federal stimulus in order to jump start the national economy. I believe the same argument can be made that new economic development funding will serve as a stimulus for our local economy and will lead to job creation for many years to come just as the Little Rock Port bond issue did years ago.

I urge voters to get behind this stimulus effort for Little Rock – it’s much needed!

Posted by reidsmom on 07/11/2011 at 3:38 PM


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