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Tea Party Crowing Over Bennett's Scalp in Utah

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Schroedinger's Dog5/09/2010 11:03:54 am PDT

re: #81 sattv4u2

More to my point, it’s cutting red tape/ taxes on businesses. We see it all the time in state to state battles over attracting business. Here in Georgia the state has attracted LOTS of businesses to relocate due to favorable initial tax breaks. The result is more employement and extremely low property taxes
More employement equals more tax revenues for the state (more people working paying state income tax, and even those are low compared to what I paid when living in MAssachusetts and North Carolina)

And what happens when the company leaves because some other state offers a better deal?

Part of the problem here is that giving corporations tax cuts is essentially transferring the costs of infrastructure and everything otherwise supported by those taxes to the people in that community. Unless that balances out, tax cuts as a recruiting tool isn’t such a good deal.