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| Subject: No deal: Illinois seeking truce over business poaching with tax breaks Wed Jan 29, 2020 10:44 pm | |
| SPRINGFIELD — Illinois lawmakers want a truce with other states to stop the practice of poaching businesses with tax breaks. State Rep. Bob Morgan, D-Deerfield, said economic incentives designed to attract businesses from other states or keep them in the state are a form of crony capitalism that doesn’t work. “There’s little-to-no correlation between these tax credits and the growth of jobs in the state,” he said. Morgan, along with state Sen. Ram Villivalam, D-Chicago, introduced legislation to create a compact among states so that member states won’t offer tax breaks to companies in exchange for corporate investment.
https://www.thetelegraph.com/news/article/Illinois-seeking-truce-over-business-poaching-15014307.php
_________________ Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband “The state calls its own violence law, but that of the individual, crime.”-- Max Stirner "Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann |
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