Easter Without the SAFE Act

Easter Without the SAFE Act
Courtesy: Steve Behm

Sunday, December 2, 2012

As Companies Seek Tax Deals, Governments Pay High Price - NYTimes.com

    In a country where the political leadership continues to boast how it "created" jobs....It's always interesting when the occasional news story comes along disputing the conventional wisdom about the kind of "economic development" that has gone unquestioned in recent decades.
    Evidence continues to mount that is contrary to current practice, and routine approval of tax breaks, while still the norm, is meeting some resistance.
    It's an interesting debate that is going on everywhere.
As Companies Seek Tax Deals, Governments Pay High Price - NYTimes.com

7 comments:

Anonymous said...

Excellent story, Dont feel sorry for the big companies anymore, Take Catapiller for example, there workers pay is froze for 6 years while the company makes millions and gets millions in tax payer $$$$$$$$$$$$$$$$$$$$$$$$$. Almost like Jefferson Co. with all the efforting of the JCIDA and the WLDC.

Anonymous said...

The Communist Times made their point:
“If you’re looking at the competitiveness of a region, the most important thing a region can do is to focus on education. And this use of incentives is really transferring money from education to businesses.”

Instead of questioning if a focused temporary holiday on wealth confiscation pays out in job creation, they ought to be questioning if confiscating wealth and income should be done at all.

I still cannot get over the glib treatment of the Adirondack Speedway and their 100k tax bill. No one bats and eye and just accepts that the owner should cough up that much money every year and that it is "just" and "right".

Anonymous said...

Hey 1025 the owner of the speedway got how much money funneled through Sno-Belt housing a not-for-profit(wonder if they get a State pension?) After making a 12K donation to Pataki.

Anonymous said...

FYI 3:31, money for the speedway was NOT funneled through the Snow Belt Housing Company, Inc., it went through Lewis County Opportunities, Inc, also a not-for-profit. Neither of these company's employees are eligible for the State pension system and I doubt very much if either did, or would have the cash to, donate to any political party, if it were legal for them to do so.

Best check your facts before smearing those who do good things for their communities.

Anonymous said...

Same difference, The donation was made by the Track owner, and the money was funneled back to him through these organizations, both of which are takers not makers.

Anonymous said...

I couldn't' tell you how much free money the speedway got. It makes no difference to me as I still think it is absurd that we accept that they owe us 100k per year in taxes forever.

Anonymous said...

Whats the assessment on the track? If the owners feel its to much it can be taken to court and grieved, unlike the monies given to him by the aforementioned not-for-profit, what troubles me is that this arrangement was done with NO INPUT of any taxpayers and thank God For Bruce to bring this to light.