Posts Tagged tax breaks
Americans of every political persuasion consistently tell pollsters that corporations have too much power over public policy. That’s painfully true in economic development, where a corporate-dominated site selection system built up over 80 years turns our public officials into lapdogs with taxpayer checkbooks. So how do we dismantle the Tax Break-Industrial Complex and take back our economic democracy? It starts with disclosure.
In addition to aid like unemployment insurance and business loans, Uncle Sam is disbursing hundreds of billions to help the economy recover from impacts caused by a global pandemic and widespread economic shutdown. The Delta variant has sparked renewed hardships.
Boeing Corporation has requested that the state of Washington stop providing it with tax breaks that the World Trade Organization (WTO) has on multiple occasions ruled to be an illegal subsidy under the Agreement on Subsidies and Countervailing Measures.
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.