The money thrown at corporations by states to invite investment is a boondoggle that should be ended by federal law.
Gerald Epstein is the Co-Director of the Political Economy Research Institute and professor of economics at the University of Massachusetts-Amherst.
See also:
“General Motors pushed hard for tax breaks in Ypsilanti Township, Mich. Some $200 million later, this is what remains,” b Louise Story, New York Times,December 1, 2012
“Lines Blur as Texas Gives Industries a Bonanza,” by Louise Story, New York Times, December 2, 2012
“Michigan Town Woos Hollywood, but Ends Up With a Bit Part,” by Louise Story, New York Times, December 3, 2012
Tags: corporate welfare, corporations, Gerald Epstein, tax competition, tax subsidies