News

The Expensive Folly of Tax Incentives

The "economic-development industry" chugs on. Why? Because it allows public officials to borrow tax dollars from the future and give them to potential campaign donors today. This is legal. And it is widespread. It is the modern version of the spoils system.

Every state has at least one tax-incentive program for economic development, according to a recent report by the Pew Center on the States which concluded that "no state ensures that policy makers rely on good evidence about whether these investments deliver a strong return."

Posted By Mark Funkhouser

Full Story: http://www.governing.com/gov-institute/funkhouser/col-expensive-folly-government-tax-incentive-economic-development.html

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.