States Can’t Win the Endless ‘Business Climate’ Game
In These Times - For the past four decades, America's 50 states have allowed themselves to be trapped as players in a multi-state race to the bottom staged by Corporate America.
The inter-state (and increasingly global) competition to offer corporations the most perfect “business climate” costs states a huge share of their tax revenues. Greg LeRoy, author of the Great American Jobs Scam, estimates the cost of state-level inducements at a staggering $50 billion annually, and journalist David Cay Johnston pegs the figure at about $70 billion. Read more.
The inter-state (and increasingly global) competition to offer corporations the most perfect “business climate” costs states a huge share of their tax revenues. Greg LeRoy, author of the Great American Jobs Scam, estimates the cost of state-level inducements at a staggering $50 billion annually, and journalist David Cay Johnston pegs the figure at about $70 billion. Read more.
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