If tax cuts create jobs, why have it so narrowly tailored that only one company can take advantage of the tax law? This from Apple Insider about North Carolina pushing for a tax break for Apple.
A "state official" has told the Charlotte Observer that a bill nearing approval that would bend tax rules for a single, unnamed company are actually meant to accommodate a specific Apple project, which might otherwise be located in another state.
The deal would give the tax breaks to companies with a minority market share in North Carolina, but with a disproportionately large amount of property and staff located in the region. Apple would stand to save as much as $46 million in the space of 10 years but, in return, would have to invest $1 billion within nine years and locate itself in one of the state's poorer counties; Catawba and Cleveland counties are on the short list. . . . .
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Tax policy so narrowly written that it benefits one company
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