Legislature

Subsidizing Federal Contractors: A New Norm?

An $87 million subsidy package for military contractor Lockheed Martin has sailed through a special legislative session in Arkansas. The package is meant to support the company’s bid for a contract with the federal government to produce military vehicles.

By Matthew L. Wald Sept. 12, 2014

When Nevada lured Tesla Motors to the Reno area to build a giant battery factory, a triumphant governor, Brian Sandoval, proclaimed that every dollar his state was spending in tax incentives and other subsidies would yield $80 in economic activity.