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45 Results found for corporate welfare

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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
 
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.
 
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.
 
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...
 
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.
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.
 
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...
 
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.
 
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...
 
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.
 
Well, the effort to bring party disloyalty into the debate on HB 1224 blew up rather unceremoniously. Apparently, some "pain-in-the-ass-teabagger web site" spilled the beans before the plan could get underway.
Well, the effort to bring party disloyalty into the debate on HB 1224 blew up rather unceremoniously. Apparently, some "pain-in-the-ass-teabagger web site" spilled the beans before the plan could get underway.
 
Twenty-eight House Republicans bolted party ranks Tuesday, joining 26 Democrats to defeat an economic incentives program that some labeled "corporate welfare."
Twenty-eight House Republicans bolted party ranks Tuesday, joining 26 Democrats to defeat an economic incentives program that some labeled "corporate welfare."
 
The Speaker of The House tried to ram through a bill containing a smorgasbord of odds-and-ends spending desired by the governor and various special interests.
The Speaker of The House tried to ram through a bill containing a smorgasbord of odds-and-ends spending desired by the governor and various special interests.
 
The N&O chronicles the movie industry crybabies as they pack up to leave North Carolina in the wake of a state decision to trim and streamline benefits for filming in the state
The N&O chronicles the movie industry crybabies as they pack up to leave North Carolina in the wake of a state decision to trim and streamline benefits for filming in the state
 
News accounts of the recently-passed $21.1 billion General Fund budget focus primarily on the teacher pay raise provided by budget writers.
News accounts of the recently-passed $21.1 billion General Fund budget focus primarily on the teacher pay raise provided by budget writers.
 
The State of North Carolina, at last count, confiscated $84.2 million from taxpayers in the state (individuals and businesses) and gave it to movie production companies to entice them to make their movies in North Carolina, rather than Hollywood or somewhere else.
The State of North Carolina, at last count, confiscated $84.2 million from taxpayers in the state (individuals and businesses) and gave it to movie production companies to entice them to make their movies in North Carolina, rather than Hollywood or somewhere else.
 
Once again, the people of North Carolina are getting stuck with the check by a corporate welfare recipient.
Once again, the people of North Carolina are getting stuck with the check by a corporate welfare recipient.
 
There was a time in this country when people were reticent to accept "welfare." Most people saw it as something to be ashamed of.
 
We just went through a bit of drama getting a state budget agreement that increased spending and cut taxes. Now, word comes that Gov. McCrory's commerce secretary wants a new tax
We just went through a bit of drama getting a state budget agreement that increased spending and cut taxes. Now, word comes that Gov. McCrory's commerce secretary wants a new tax
 
Valeria Lee, chair of the N.C. Rural Economic Development Center board of directors, has announced a plan of action for reviewing the organization's procedures for awarding, monitoring and reporting grants.
Valeria Lee, chair of the N.C. Rural Economic Development Center board of directors, has announced a plan of action for reviewing the organization's procedures for awarding, monitoring and reporting grants.
 
To go over all the instances of favoritism over the center's past 26 years would be overwhelming. The following examples are from the last year alone, when the Rural Center was involved in over 800 projects.
To go over all the instances of favoritism over the center's past 26 years would be overwhelming. The following examples are from the last year alone, when the Rural Center was involved in over 800 projects.
 
What if I were to coax you into accepting a loan with money I stole from you? You'd probably call the police and have me arrested as a thief and a con artist.
What if I were to coax you into accepting a loan with money I stole from you? You'd probably call the police and have me arrested as a thief and a con artist.
 
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