Lordstown Motors’ bankruptcy is just the latest twist in a sad, sordid saga of wasted taxpayer money. By John C. Mozena For the National Review Electric-vehicle startup Lordstown Motors has filed for bankruptcy protection, becoming the latest cautionary tale for states’ efforts to conquer the economic realities of global marketplaces through the use of economic-development …
[Read more...] about Ohio’s Long-Running Corporate-Welfare Farce Takes Another Absurd Turn
Great read by the Tax Foundation on analysis concluding that states who maintain a competitive underlying tax code will find they can attract business investment and experience strong long-term economic growth without picking winners and losers and without cluttering their tax code with complex carveouts. --- By Katherine Loughead The Tax Foundation Job creation tax credits. Investment …
[Read more...] about Illuminating the Hidden Costs of State Tax Incentives
The state of Minnesota will spend $20 million of taxpayer money in the coming years to create what some bureaucrats envision is the “workplace of the future.” But as the Star Tribune reports, while state employees are going one direction, the private sector is going another. “As more private-sector companies ask their employees to return to the office, some business leaders say the state …
[Read more...] about Return to Work? State Lags Behind Private Sector
