Posted on 10/09/2011 11:40:07 AM PDT by bgill
What I think is hilarious are the people screaming about how it’s a giveaway, corporate welfare, etc., etc.
Tax incentives, I.E. ‘waiving various taxes for you if you come here and give us your business’ doesn’t cost the taxpayer one thin dime. Not one red cent. And it almost always results in tax revenues rising anyway - because if the business doesn’t move there, the waived taxes were revenue the state wasn’t going to get anyway. If it does move there, it will pump money into the economy and tax revenues will rise because of that.
Some magic fairy doesn't come along and sprinkle relocation dust on the heads of those CEOs. The competition is fierce!
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