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.
92 percent of small business owners believe their state's economic development incentives are biased toward big business.
By Margie Manning, August 17, 2015
The Governmental Accounting Standards Board has issued its first-ever rule requiring state and local governments to disclose information about tax abatement agreements.
By Hilary Russ, August 14, 2015
For the first time, state and local U.S. governments will be required to report how much money they lose on corporate tax breaks for economic development projects, according to a new accounting rule issued on Friday.
By Emily Foxhall and Hugo Martin, June 26, 2015
A little-known pact that for years has spared Walt Disney Co. from paying entertainment tax on its Anaheim amusement parks may be extended for three decades if the entertainment giant agrees to invest at least $1 billion in its resort properties in the coming years.
By Danny Westneat May 6, 2015
I'm getting a complex about Oklahoma City. They keep stealing our stuff.
By Dominic Gates, March 29, 2015
Corrine "Cookie" Peterson, a 72-year-old widow, arrives at AIM Aerospace's manufacturing plant in Sumner at 6:30 a.m. to assemble ventilation ducts for Boeing jets.