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Results found for "corporate welfare"


Latest Example Further Demonstrates the Folly of Government Corporate Welfare
Latest Example Further Demonstrates the Folly of Government Corporate Welfare
 
Diverting scarce resources to failed projects represents waste in our economy
Diverting scarce resources to failed projects represents waste in our economy
 
WRAL TechWire yesterday published my column on the surge in billion-dollar corporate welfare giveaways in North Carolina over the past year.
WRAL TechWire yesterday published my column on the surge in billion-dollar corporate welfare giveaways in North Carolina over the past year.
 
Economic development incentives divert taxpayer money to politically favored companies at the expense of the rest of the state
Economic development incentives divert taxpayer money to politically favored companies at the expense of the rest of the state
 
As thousands of small businesses were forced to close for good as a result of his economic lockdowns, Gov. Cooper’s administration handed out $1.2 billion worth of corporate welfare to giant corporations like Apple, FujiFilm, and Toyota in 2021.
As thousands of small businesses were forced to close for good as a result of his economic lockdowns, Gov. Cooper’s administration handed out $1.2 billion worth of corporate welfare to giant corporations like Apple, FujiFilm, and Toyota in 2021.
 
All economic activity is planned. Buying, selling, saving, investing, and all other activities are the result of someone’s plan.
All economic activity is planned. Buying, selling, saving, investing, and all other activities are the result of someone’s plan.
 
There are two reasons a corporation would take government incentives to move into North Carolina:
There are two reasons a corporation would take government incentives to move into North Carolina:
 
On the heels of my colleague Jon Sanders highlighting that the cost to North Carolina taxpayers for each promised job from government handouts to corporations comes to $586,000 each, the N&O reports that two previous corporate welfare deals are being canceled because the promised jobs never came.
On the heels of my colleague Jon Sanders highlighting that the cost to North Carolina taxpayers for each promised job from government handouts to corporations comes to $586,000 each, the N&O reports that two previous corporate welfare deals are being canceled because the promised jobs never came.
 
My previous research brief discussed that last year Gov. Roy Cooper pledged over $1.3 billion in corporate welfare to just 58 corporations from state “economic development” incentives programs whose stated purposes are about “job creation.”
My previous research brief discussed that last year Gov. Roy Cooper pledged over $1.3 billion in corporate welfare to just 58 corporations from state “economic development” incentives programs whose stated purposes are about “job creation.”
 
In 2019, Gov. Roy Cooper pledged $146.0 million in corporate welfare to 66 corporations. In 2020, amid shutting down and crippling small businesses with extreme executive orders, Cooper pledged $519.3 million in corporate giveaways to just 48 corporations.
In 2019, Gov. Roy Cooper pledged $146.0 million in corporate welfare to 66 corporations. In 2020, amid shutting down and crippling small businesses with extreme executive orders, Cooper pledged $519.3 million in corporate giveaways to just 48 corporations.
 
So far this year, Gov. Cooper has pledged over $930.7 million in tax incentives to just 22 corporations, including $845.8 million over four decades to Apple
So far this year, Gov. Cooper has pledged over $930.7 million in tax incentives to just 22 corporations, including $845.8 million over four decades to Apple
 
The prospect of tax relief to North Carolina’s small businesses is supposedly offensive to Gov. Roy Cooper.
The prospect of tax relief to North Carolina’s small businesses is supposedly offensive to Gov. Roy Cooper.
 
North Carolina’s largest “economic incentive” program continued to favor the state’s already wealthy counties, according to a new report.
North Carolina’s largest “economic incentive” program continued to favor the state’s already wealthy counties, according to a new report.
 
News reports now confirm what many suspected: legislation approved and signed by Gov. Cooper last week entitled “Championship NC Act” (HB 807) will dole out millions of taxpayer dollars to the United States Golf Association (USGA) to build a second headquarters in Pinehurst.
News reports now confirm what many suspected: legislation approved and signed by Gov. Cooper last week entitled “Championship NC Act” (HB 807) will dole out millions of taxpayer dollars to the United States Golf Association (USGA) to build a second headquarters in Pinehurst.
 
How should the State of North Carolina go about corporate taxation and corporate welfare? There are four possible policy combinations.
How should the State of North Carolina go about corporate taxation and corporate welfare? There are four possible policy combinations.
 
WRAL reporter Tyler Dukes has examined job creation promises from North Carolina economic-development incentives programs and found them falling far, far short.
WRAL reporter Tyler Dukes has examined job creation promises from North Carolina economic-development incentives programs and found them falling far, far short.
 
The budget standoff in North Carolina is generating national attention, which focuses on the debate over Medicaid expansion. But there's another policy standoff in Raleigh, and it's interesting not just for what's up for debate, but also for what isn't.
The budget standoff in North Carolina is generating national attention, which focuses on the debate over Medicaid expansion. But there's another policy standoff in Raleigh, and it's interesting not just for what's up for debate, but also for what isn't.
 
Anything done a first time becomes easier to do a second time, for better and for worse.
Anything done a first time becomes easier to do a second time, for better and for worse.
 
Try as I might, I can't see the wisdom behind this proposed "transformative" projects expansion. I can't. It's terrible
Try as I might, I can't see the wisdom behind this proposed "transformative" projects expansion. I can't. It's terrible
 
This morning, Triad Business Journal ran a piece with the title, “N.C. governor ‘open to options’ to keep NFL in Charlotte.” Of course, we all know what that means: state money, tax breaks, incentive payments, corporate welfare
This morning, Triad Business Journal ran a piece with the title, “N.C. governor ‘open to options’ to keep NFL in Charlotte.” Of course, we all know what that means: state money, tax breaks, incentive payments, corporate welfare
 
North Carolina lawmakers and the business community have been watching Amazon's search for a second headquarters with bated breath
North Carolina lawmakers and the business community have been watching Amazon's search for a second headquarters with bated breath
 
North Carolina, among many other states, are in a tizzy trying to land the reported “second headquarters” of Amazon
North Carolina, among many other states, are in a tizzy trying to land the reported “second headquarters” of Amazon
 
Civitas Action has released its annual Conservative Effectiveness Rankings of North Carolina state lawmakers for 2016.
Civitas Action has released its annual Conservative Effectiveness Rankings of North Carolina state lawmakers for 2016.
 
Like a recovering addict on the verge of a major binge, some North Carolina lawmakers are on the brink of falling back into the black hole of tax credits
Like a recovering addict on the verge of a major binge, some North Carolina lawmakers are on the brink of falling back into the black hole of tax credits
 
On Saturday, June 6, North Carolina's Commerce Department Secretary and staunch defender of corporate welfare, John Skvarla, appeared on WRAL's On the Record...
On Saturday, June 6, North Carolina's Commerce Department Secretary and staunch defender of corporate welfare, John Skvarla, appeared on WRAL's On the Record...
 
In the video clip below, being touted by the McCrory for Governor campaign, Governor Pat McCrory tells business leaders at the NC Chamber of Commerce that the way to keep North Carolina "moving forward" economically is to pass the North Carolina Competes legislation - basically an expansion of...
In the video clip below, being touted by the McCrory for Governor campaign, Governor Pat McCrory tells business leaders at the NC Chamber of Commerce that the way to keep North Carolina "moving forward" economically is to pass the North Carolina Competes legislation - basically an expansion of...
 
At their convention this weekend, Second Congressional District Republicans passed a resolution condemning the use of taxpayer money to, um, "persuade" businesses to come to North Carolina or to expand within the Tar Heel State.
Published: Tuesday, April 28th, 2015 @ 1:18 pm By: Brant Clifton
At their convention this weekend, Second Congressional District Republicans passed a resolution condemning the use of taxpayer money to, um, "persuade" businesses to come to North Carolina or to expand within the Tar Heel State.
 
The glitz and glamour of movie and television production in North Carolina apparently is just too tempting for several North Carolina legislators to pass up. Unfortunately, they are willing to use your tax dollars to bribe more Hollywood big shots to come to the Tar Heel State.
The glitz and glamour of movie and television production in North Carolina apparently is just too tempting for several North Carolina legislators to pass up. Unfortunately, they are willing to use your tax dollars to bribe more Hollywood big shots to come to the Tar Heel State.
 
It was announced on Tuesday that Mercedes-Benz has decided to move its corporate headquarters from New Jersey to Atlanta, GA, and not to the Raleigh area, as many were hoping. According to this article in the Triangle Business Journal, Georgia offered the company $23 million in corporate welfare...
It was announced on Tuesday that Mercedes-Benz has decided to move its corporate headquarters from New Jersey to Atlanta, GA, and not to the Raleigh area, as many were hoping. According to this article in the Triangle Business Journal, Georgia offered the company $23 million in corporate welfare...
 
We and many other grassroots entities - have been howlin' mad about Gov. Pat's $40 million corporate welfare giveaway.
We and many other grassroots entities - have been howlin' mad about Gov. Pat's $40 million corporate welfare giveaway.
 
Last week I reported that, based on this quote, the actions of the Governor and many state legislators in pushing new corporate welfare schemes were at odds with the Republican Party Platform. I was wrong. Shortly after my newsletter went out, I received an email telling me that, in the latest...

My Bad

 
Last week I reported that, based on this quote, the actions of the Governor and many state legislators in pushing new corporate welfare schemes were at odds with the Republican Party Platform. I was wrong. Shortly after my newsletter went out, I received an email telling me that, in the latest...
 
Republicans from Governor McCrory and Commerce Secretary John Skvarla to the leadership and rank and file alike in the General Assembly are falling all over themselves trying to extend and expand so-called business incentive programs, aka corporate welfare. So what does the platform of the party...
Republicans from Governor McCrory and Commerce Secretary John Skvarla to the leadership and rank and file alike in the General Assembly are falling all over themselves trying to extend and expand so-called business incentive programs, aka corporate welfare. So what does the platform of the party...
 
State lawmakers have started reviewing Gov. Pat McCrory's budget proposal for the 2015-2017 biennium. It sets out McCrory's General Fund spending plan for $22 billion in each of the next two fiscal years. The General Fund makes up a significant chunk of the overall state budget of more than...
State lawmakers have started reviewing Gov. Pat McCrory's budget proposal for the 2015-2017 biennium. It sets out McCrory's General Fund spending plan for $22 billion in each of the next two fiscal years. The General Fund makes up a significant chunk of the overall state budget of more than...
 
Gov. Pat McCrory yesterday released his budget proposal for the next biennium. In odd-numbered years like this one, the legislature passes a two-year budget plan, and the following year will make adjustments to the second year of the plan.
Gov. Pat McCrory yesterday released his budget proposal for the next biennium. In odd-numbered years like this one, the legislature passes a two-year budget plan, and the following year will make adjustments to the second year of the plan.
 
House speaker Tim Moore and the rest of the GOP leadership in Raleigh are crowing about how much better off we’ll be now that they’ve approved an increase in the gas tax and the disbursement of even more corporate welfare.
Published: Friday, March 13th, 2015 @ 3:26 am By: Brant Clifton
House speaker Tim Moore and the rest of the GOP leadership in Raleigh are crowing about how much better off we’ll be now that they’ve approved an increase in the gas tax and the disbursement of even more corporate welfare.
 
Last week Gov. Pat McCrory released his budget proposal for the 2015-2017 biennium, his spending plan for $22 billion in each of the next two fiscal years. While there are some positive spending decisions in this budget, there are also some discouraging choices in certain areas of government...
Last week Gov. Pat McCrory released his budget proposal for the 2015-2017 biennium, his spending plan for $22 billion in each of the next two fiscal years. While there are some positive spending decisions in this budget, there are also some discouraging choices in certain areas of government...
 
Proving yet again that corporate welfare is a bipartisan problem, four Republican legislators last week introduced House Bill 117, NC Competes Act. The primary sponsors of the bill are Reps. Susan Martin (R-Wilson), Charles Jeter (R-Mecklenburg), Jeff Collins (R-Nash) and Bob Steinburg...
Proving yet again that corporate welfare is a bipartisan problem, four Republican legislators last week introduced House Bill 117, NC Competes Act. The primary sponsors of the bill are Reps. Susan Martin (R-Wilson), Charles Jeter (R-Mecklenburg), Jeff Collins (R-Nash) and Bob Steinburg...
 
Politicians love to use their power to dole out favors and privileges to politically-connected special interests. They also love to interfere with the economy, attempting to impose their preferences upon investors and consumers through a hodgepodge of taxpayer handouts and targeted tax breaks.
Politicians love to use their power to dole out favors and privileges to politically-connected special interests. They also love to interfere with the economy, attempting to impose their preferences upon investors and consumers through a hodgepodge of taxpayer handouts and targeted tax breaks.
 
Politicians these days are all crowing about being “job creators.” Gov. Pat McCrory has emptied out the corporate welfare accounts at the Department of Commerce, and he’s coming to us (and our legislators on Jones Street) looking for $45 million more.
Politicians these days are all crowing about being “job creators.” Gov. Pat McCrory has emptied out the corporate welfare accounts at the Department of Commerce, and he’s coming to us (and our legislators on Jones Street) looking for $45 million more.
 
As the legislature comes back into session, there is a renewed focus on what are typically referred to as economic incentives, or by many who are more skeptical of such programs, corporate welfare or simply cronyism. Programs that are and will continue to be debated are subsidies to...
As the legislature comes back into session, there is a renewed focus on what are typically referred to as economic incentives, or by many who are more skeptical of such programs, corporate welfare or simply cronyism. Programs that are and will continue to be debated are subsidies to...
 
House speaker Thom Tillis and his team, Gov. Pat McCrory, and scores of big names in the state's business establishment have been harping on the alleged importance of customized, special incentives to lure new business - from TV and movie productions to industry - to North Carolina.
House speaker Thom Tillis and his team, Gov. Pat McCrory, and scores of big names in the state's business establishment have been harping on the alleged importance of customized, special incentives to lure new business - from TV and movie productions to industry - to North Carolina.
 

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