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. . . . .
Related Posts
Obama as tax cutter?This is too funny. Remember Obama's promise:"I can make a firm pledge. Under my plan, no family making less than $250,- Even liberals find the White House Budget rhetoric over the topHere is the Washington Post evaluation of the Obama administration's rhetoric about spending cuts in the House GOP payr
- Big tax increases in a few states doesn't seem to have closed deficitsThe six states with the biggest increases in taxes in 2009 were Delaware, California, Illinois, New York, Rhode Island,
So how have the states with those tax increases done?By comparison, the US as a whole rose or was flat for most of this year.Remember Illinois' big tax increase that went i- Obama chief economist uses Occupy Wall Street RhetoricIt is hard to believe that Krueger really thinks that redistribution of income would increase spending. It is this not
- Even David Brooks is disillusioned with Obama's latest "Stimulus" packageFrom Brooks' article in today's New York Times (click here if you want). Of course, Brooks concludes his piece hoping
Tax policy so narrowly written that it benefits one company
4/
5
Oleh
abudzar
