1889 Institute calls for end of aerospace engineer tax credits

1889 INSTITUTE: END AEROSPACE ENGINEER TAX CREDITS Market forces should drive labor markets, not government. OKLAHOMA CITY, OK (April 21, 2021) – The 1889 Institute has published “Oklahoma’s Aerospace Industry Engineer Workforce Tax Credits,” the most recent of two installments in the Institute’s Corporate Welfare Directory. The paper makes it clear that the state’s tax rebate program for aerospace engineers is another corporate welfare scheme. Three programs effectively subsidize high-paying professional aerospace engineering jobs, providing tax breaks to companies who hire engineers or to the engineers themselves. “What’s particularly galling about these programs is that other Oklahoma businesses and everyday taxpayers with lower incomes and less in benefits have to fill in the tax holes created by these programs,” said Byron Schlomach, director of the 1889 Institute. “In a very real sense, these programs tax the poor in order to give to the rich,” he said. Read more » by Jamison Faught - April 23, 2021 at 02:19PM

1889 Institute calls for end of aerospace engineer tax credits Click the title to read the entire article at Muskogee Politico