James Parks – New Tools Bring State Corporate Tax Breaks to Light
From the AFL-CIO Now Blog:
New Tools Bring State Corporate Tax Breaks to Light
by James Parks, Dec 13, 2010
Each year, state and local governments give out billions in tax breaks and subsidies to corporations in return for a promise that the company will create new jobs. While most states disclose the names of companies receiving state and local tax breaks, cash grants and other subsidies for job creation, the quality of the reporting varies widely. In fact, about a dozen states are still keeping taxpayers in the dark, according to a new report.
The report, “Show Us the Subsidies,” by Good Jobs First, a nonprofit, non-partisan research center, shows that Illinois, Wisconsin, North Carolina and Ohio were found to have the best economic development disclosure.