1889 Institute publishes guide to preventing corporate welfare

THINK TANK PUBLISHES GUIDE TO PREVENTING CORPORATE WELFARE Oklahoma is Top-Ten in handing out corporate welfare. OKLAHOMA CITY, OK (September 30, 2020) – The 1889 Institute has published “Policymaker’s Guide to Evaluating Corporate Welfare,” which attempts to guide policymakers in how to avoid supporting corporate welfare schemes. It does this by urging policymakers to ask critical questions about proposed “jobs” and “economic development” programs that might sound good when lobbyists are making their best sales pitches but are actually economically counterproductive. Authored by the Institute’s Research Associates, Spencer Cadavero and Tyler Williamson, as well as 1889 Institute Director, Byron Schlomach, the study offers solutions to the corporate welfare problem as well as criticism. It recommends that more time and effort be devoted to perfecting the state’s tax system as a better way to compete with other states. It condemns incentives for retail and distribution centers, given that these automatically locate where people are. And finally, it advocates an interstate compact where states contractually promise not to compete on the basis of direct subsidies and special tax benefits. Read more » by Jamison Faught - October 01, 2020 at 11:38AM

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