The Great American Jobs Scam
By Greg LeRoy
A tax scandal. A jobs scandal. A corporate and political scandal.
Lurking within the records of most cities and states in America there lies a scandal. A tax scandal. A jobs scandal. A corporate and political scandal.
It’s the Great American Jobs Scam: an intentionally constructed system that enables corporations to exact huge taxpayer subsidies by promising quality jobs – and then lets them fail to deliver. The other benefit often promised – higher tax revenues – often proves false or exaggerated as well.
posted by Big Ben @ 4:58 PM
1 Comments:
Another form of corporate welfare, this time from municipalities. And the reason for it? Large campaign contributions from the subsidized corporations to the politicians who set up the subsidy.
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