Good Jobs First Blog

Aug
5
2016

Locally Grown Low-Wage Jobs

Local economic development departments are so eager to fertilize job creation in their communities that they often grow low-wage jobs that are detrimental to their economic landscape. Too often, localities (cities or counties) provide funding to employers that promise to create jobs but fail to ask: Will these positions be full-time? Pay minimum-wage or a living-wage?

Aug
2
2016

Great Organizing in Baltimore Wins Delay in Nation’s Third-Largest TIF Deal

An incredible community-labor mobilization in Baltimore has tied up what would be the third-biggest private-sector tax increment financing (TIF) deal in U.S. history.

Jul
29
2016

The Energy Subsidy Game

Whether or not it is a good idea to increase subsidies for renewable energy, one thing is certain: we need to stop giving them to fossil-fuel companies and start charging dirty energy for their “externalities,” i.e., the costs of carbon and other pollutant emissions.

Jun
28
2016

The $160 Billion Bank Fee

Washington, DC, June 28, 2016-- Since the beginning of 2010, two dozen major U.S. and foreign-based banks have paid more than $160 billion in U.S. penalties to resolve a wide range of cases brought against them by the Justice Department and federal regulatory agencies. Bank of America alone accounts for $56 billion of the total and JPMorgan Chase another $28 billion. Fourteen banks have each accumulated penalty amounts (both fines and settlements) in excess of $1 billion, and five of those are in excess of $10 billion.

Jun
27
2016

Louisiana’s Notorious Industrial Tax Exemption Program Reformed

Exercising discretionary authority his predecessors always had, Louisiana Gov. John Bel Edwards last Friday issued an executive order reforming the most notorious property tax abatement program in the United States.