Think Progress: New Report Debunks Key Conservative Argument For Corporate Tax Breaks
media mention“Most of those businesses “would have been happy to locate in your state anyway,” economists Alan Peters and Peter Fisher concluded in a broad 2004 study of state tax incentives to business. Instead of buying significantly improved job prospects for their taxpayers, these expenditures “simply produce an unending merry-go-round of tax cuts and subsidies whose net effect is to starve government of the resources it needs to finance the services it should be providing,” they wrote. A 2013 study from the Institute on Taxation and Economic Policy arrived at similar conclusions.”