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Cut Corporate Welfare to Help Balance State Budget

Tenuous relationship between corporate welfare and economic health

… balance the budget is to eliminate the state’s corporate welfare programs and supporting bureaucracy. The … that currently flow directly to the state’s corporate-welfare bureaucracy. The MEDC takes money from many … spending. It should start with eliminating corporate welfare spending. more

Governor’s Budget Proposal Revisits Pure Michigan, Other Industry Welfare

There is no need to raise corporate welfare spending

… tourists to the Great Lake State. The latter is a corporate handout program that gives cash grants and loans … proposal also recommends lifting spending for a corporate welfare line item cut deeply last year by the Michigan … that study here. There is no need to raise corporate welfare spending in the state. Research shows such … more

Tilt from Tax Cutting to Corporate Welfare Renews Failed Approach to Economic Growth

Lawmakers face a number of corporate welfare proposals

… 2000 and 2010: more corporate welfare. If there was any evidence … scaled back the pace of corporate giveaways, eventually ended … last recession. But corporate welfare is always an attraction … session could see a corporate welfare blowout. To protect … details. Lansing’s corporate welfare backsliding may be gaining … more

Return of the Mega Subsidy

Corporate welfare still demonstrably ineffective

… Legislature pulled the plug on the state’s Michigan Economic Growth Authority corporate handout program, many Lansing politicians are eager to increase the size … treasury $1 billion, roughly equal to all the money generated by the state’s corporate income tax payers. MEGA is not the state’s only failed attempt at job … more

Growth Fuels Budget Priorities in House and Senate Budgets

Real Cuts to Corporate Welfare on the Table

… Legislature passed budgets that found more transportation money without raising tax rates. And both do so, in part, by decreasing support for corporate welfare. The Senate-passed budget includes $93 million in extra road funding. The House-passed budget includes $372 million in extra road funding. Neither … more

The Lawmakers that Voted for the Most Business Subsidies and the Least

$16 billion in corporate welfare approved since 2001

… the current legislative session. A new scorecard from the Mackinac Center and MichiganVotes.org shows where every lawmaker came down on votes for corporate handouts that pit regular taxpayers against select business interests and developers. Michigan lawmakers have authorized the state to spend a lot … more

The Problem of Corporate Welfare

… (the fifth in the past 4 years) and the uncertainty of the state going forward. The company has formed an exploratory team to consider moving the corporate headquarters. The WSJ writes: Democrat Dannel Malloy, the nation’s worst Governor since Pat Quinn lost in Illinois, quickly replied that he’s open … more

Why did the Governor Flip Flop on Corporate Welfare?

Corporate handouts remain unfair and ineffective

… Authority business subsidy program and lowering corporate taxes. These initial strokes were so bold I thought … a plant for the multinational, Taiwan-based corporate titan Foxconn. An Oct. 19 Detroit News article … rationale for the governor’s capitulation on corporate welfare. Why have Lansing politicians betrayed their … more

Say No to Business Subsidies

Michigan should sign onto an interstate compact to eliminate corporate welfare

… time reining the programs in. They don’t want to lose to other states. That’s why lawmakers can get together in an interstate compact to end corporate welfare. States can sign it and keep offering their business subsidies. But they then get rid of all of their programs when enough states sign on. It … more