Think again, GlobalFoundries
Our opinion: There’s a line between economic development and corporate welfare. After one big public subsidy to get it started here, GlobalFoundries shouldn’t expect more. On its own, New York’s $1.4...
View ArticlePrivate business, public tab
Our opinion: Economic development is all well and good, but taxpayers can’t be in the business of propping up private enterprises like the Crowne Plaza just to help out investors. Once again, a...
View ArticleIn defense of corporate welfare
If public subsidies for rich corporations irk you, how about $115 million in taxpayer funds to keep the world’s largest hedge fund, with the world’s best paid CEO ($3.9 billion a year) from moving? The...
View ArticleRomney: corporate welfare no problem
Romney takes aim at entitlements but has little to say about corporate welfare, says James Surowiecki in The New Yorker. Romney favors a government “that’s small when it comes to helping people and big...
View ArticleGood start, D.C.; now, keep going
Our opinion: The fiscal cliff deal on taxes is all well and good, but unless Washington addresses the spending side of the equation, too, this isn’t a balanced approach. For all the sturm und drang,...
View ArticleThe system really is rigged
Whether it’s a rancher illegally grazing cattle on federal land, the rich exploiting tax loopholes or industries profiting from subsidies, the wealthy and powerful plunder public resources and regard...
View ArticleAre these tax breaks worth the return?
Our opinion: The frequent failure of IDA tax breaks to spur job growth demands better accountability for businesses. If a business promises jobs in order to get a tax break, and then doesn’t deliver...
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