“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.”
February 8, 2016
Think Progress: New Report Debunks Key Conservative Argument For Corporate Tax Breaks
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