Good Jobs First executive director Greg LeRoy commented favorably on bills that have been introduced in several states to create a "Phase Out Corporate Giveaways Interstate Compact." "We welcome these new bills as timely vehicles to start promoting interstate dialog. We look forward to working with the bills' sponsors and everyone else seeking to reform economic development."
Washington, DC, January 22, 2020 – Public pensions are seriously underfunded in some states, and the situation is not helped by the fact that states continue to give huge tax breaks and other subsidies to corporations. Such subsidies often exceed the amount a state owes to maintain its pension obligations.
Washington, DC, December 10, 2019 -- A new compilation of business-misconduct lawsuits filed by local prosecutors in the nation’s largest cities and counties finds that California accounts for far more cases than any other state. Since the beginning of 2000, local California prosecutors have brought 441 successful suits against corporations, representing more than three-quarters of all such cases in the 50 biggest cities and counties of the United States as a whole.
Good Jobs First unveils Tax Break Tracker, a new online database that compiles newly-mandated disclosures by state and local governments on how much revenue is lost to economic development tax abatement programs.
Washington, DC, September 16, 2019 – A new compilation of lawsuits filed by the attorneys general of the 50 states and the District of Columbia finds that since the beginning of 2000 there have been 644 in which AGs from different states successfully cooperated on cases involving allegations of corporate misconduct. These investigations, which usually resulted in civil settlements in which the defendants did not admit guilt, often brought together AGs with divergent partisan affiliations. The total penalties paid by the companies was $105.9 billion.