Search for “corporate welfare”
Results 1 to 50 of 532
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
Corporate Welfare Isn't 'Essential' to a Vibrant Economy
MLive columnist overstates importance of state's corporate welfare agency
Department Reorganization is New Wine in Old Skin
Corporate welfare doesn’t work, reorganizing won't fix it
… didn’t work well then either. The fact is, corporate welfare doesn’t work and no amount of reorganizing … moves governors make within the state’s corporate welfare complex because so much of it just ends up …
A better direction is to eliminate all corporate welfare and job training subsidies and return money … more
Some Perspective: Michigan is Stronger Now, Part 2
Our economy recovered and grew with less corporate welfare
… learned not to rely on corporate welfare gimmicks to facilitate … a lucky few.
MEGA was a corporate subsidy program which was … Governor Rick Snyder reduced corporate taxes while also decreasing … recovered and grew with less corporate welfare.
Since then, policymakers … these changes by cutting corporate welfare spending even more deeply. … more
House Budget Puts Roads Above Film Subsidies
Some Republicans protecting Big Hollywood corporate welfare
House Republicans have passed a budget, part of which would end the Michigan film subsidy program and strip down some corporate welfare programs to devote that money toward road funding. This is good news for the state.
In the Legislature, typically the governor releases a proposal, the House and Senate … more
State Loses 200,000 Jobs, MEDC Finds 2,185
Why tax cuts are better than corporate welfare
… The magnitude of those MEDC job promises also is typical. What the contrasting figures starkly illustrate is just how meaningless this state's corporate welfare regime is for Michigan's economy.
That's 200,728 jobs needed vs. 2,185 jobs promised by the MEDC. If this is the best we have, we're in deep … more
Michigan Lawmakers on Pace for the Smallest Increase in Business Subsidies
Legislators reduced some corporate welfare spending
…
There have been business subsidies authorized in the state budget each year, though they were a small amount in 2019. Legislators reduced some corporate welfare spending, and the governor vetoed some spending on top of that.
Excluding federal funds and subsidy money that was authorized for the 21st Century … more
Pure Flummery: Seeing Double on Corporate Welfare Spin
Pure Michigan ads are attractive corporate welfare
… Michigan ads may be, they amount to pure corporate welfare for the travel and leisure industry. This … agency to justify continued spending on a corporate welfare program that’s a major component of their … that of the industry benefiting from this corporate welfare. The events described in this series make … more
From Here to Eternity?
Motion Picture Association of America letter wants permanent corporate welfare for movies
… Entertainment, NBC Universal, Walt Disney Studios and Warner Brothers. The letter takes some chutzpah. Billion-dollar companies demanding select corporate welfare from state taxpayers.
As Mackinac Center for Public Policy analysts have written previously, the economic analysis of these programs is nearly … more
Proposed Corporate Giveaway Unlikely to Grow Economy
Lawmakers should consider the full costs of corporate welfare before they approve it
More Insights from Mackinac Center’s Corporate Welfare Scorecard
New leadership brings hope for cutting corporate handouts
… the Mackinac Center’s 2018 corporate handout scorecard. The scorecard … favor of or against corporate welfare subsidies in the Great … the vast majority of corporate welfare subsidies that came before … the Mackinac Center’s corporate welfare scorecard, having voted … scorecard voted against all corporate welfare.
As chair of the appropriations … more
Michigan's Job Loss Apocalypse Averted!
No thanks to the 'Department of Corporate Welfare.'
…
Among other lessons, job-churn figures expose the absurdity of state corporate welfare schemes granting tax breaks and subsidies to a handful of politically-favored … more attractive to all employers, not just a select few.
Government corporate welfare schemes are not an “economic development” program that benefits the … more
Extension of Mislabeled Good Jobs for Michigan Program Would Be Added to the Business Subsidy Scorecard
Corporate handouts continue to be ineffective
Corporate handouts are ineffective, unfair and also transfer money from taxpayers to wealthy business owners. But they get also strong bipartisan support. They are also the subject of a scorecard the Mackinac Center compiles, which shows how state politicians vote on business subsidies and how much … more
Michigan Crushes Korea in Corporate Welfare Handouts
Nearly $9 billion in crony-capitalism subsidies
… subsidy-granting officials managed to approve nearly $9 billion in subsidies to corporate interests, including the Big 3 automakers.
Granted, the money redistributed … the amount of taxes they owe.
And this was just one of scores of corporate welfare giveaways approved by this state’s Legislature in the last decade. … more
Pressure Mounting For MEDC Transparency
House Democrats call for scrutiny of corporate welfare programs; accountability for tax dollars
… not these programs, which are corporate welfare, have performed effectively," … votes where he opposed expanding various corporate and developer subsidy schemes. … Bipartisan Disaster: Michigan 'Corporate Welfare' Program Rolls On
The State … Creates One-Third of Projected Jobs
Corporate Subsidy Program Lives On Despite … more
Media Plays Catch Up to CapCon Again
Finally covering corporate welfare failure 15 months later
… story Michigan Capitol Confidential reported 15 months ago.
The Detroit Free Press and MLive, among others, are reporting that recipients of corporate welfare have come up short of expected job creation numbers and an audit found that the agencies doling out the money did not accurately keep tabs on … more
No Need for Veto Work, but if the Governor Insists...
Gov. Whitmer can look at cutting corporate welfare programs
… Strategic Fund budget.
The corporate welfare programs run by the state are … dollars available in wasted corporate welfare money that could be redeployed. … $261 million — to reform the corporate welfare budget. The legislature trimmed … to veto items in the state’s corporate welfare budget. more
Hey, Hey, Ho, Ho, Corporate Welfare's Got to Go
… difficulties, given that many of the corporate recipients of this taxpayer … opinion on bailouts and corporate welfare, some may wonder why … tax code to hand out corporate welfare loot (often in the form … oppose bailouts and corporate welfare!”
The tea partiers meant … honestly say the new corporate welfare regime represents an … more
MEDC Programs Consistently Fall Short of Initial Claims
Michigan's 'corporate welfare' arm perpetually exaggerates its numbers
… of the way.”
~~~~~
See also:
A Bipartisan Disaster: Michigan 'Corporate Welfare' Program Rolls On
The State as Venture Capitalist: Michigan Fund …
State Program Awards $67 Million, Creates One-Third of Projected Jobs
Corporate Subsidy Program Lives On Despite Lackluster Results
Select Tax Breaks … more
State 'Super' Sizes Movie with Subsidy
Hollywood getting more corporate welfare from your pockets
… a colossal waste and might be better spent — along with all other corporate welfare money — improving roads or schools or just letting taxpayers keep … the money dedicated to reviewing applications and doling out the corporate welfare isn't free. That money, and the government workers it supports, would … more
Déjà Vu All Over Again For Auditor General Report On Select Subsidy Programs
Despite failures, taxpayer funded corporate welfare continues
… Consistently Fall Short of Initial Claims
A Bipartisan Disaster: Michigan 'Corporate Welfare' Program Rolls On
The State as Venture Capitalist: Michigan Fund …
State Program Awards $67 Million, Creates One-Third of Projected Jobs
Corporate Subsidy Program Lives On Despite Lackluster Results
Select Tax Breaks … more
Secretive Bidder Wins Pure Michigan Contract Over Transparent One
Auditor General, not MEDC, should hire reviews of corporate welfare programs
State of Michigan Granted $3 Billion in Special Tax Credits to Big 3 Automakers
Analysis puts Michigan among the highest in corporate welfare
… helped make this state among the biggest corporate welfare providers in the country, according to a … Snyder To Break Michigan's MEGA Habit
Trim Corporate Welfare To $0
MEDC Programs Consistently Fall Short … Claims
A Bipartisan Disaster: Michigan 'Corporate Welfare' Program Rolls On more
Michigan Treasury Erroneously Sent Out a $14.5 Million Check
Company's corporate subsidy check was doubled
… of Treasury erroneously sent a $14.5 million check to a company in 2016. The money was almost certainly part of the $672.8 million in secret corporate welfare checks the state expects to send to favored businesses in the current fiscal year. In this instance, the Treasury Department doubled what the … more
Democrat Told Occupiers 'Too Much Corporate Politics’; Votes for More in 2017
Not one Dem opposed this year's big corporate handout bills
… event in Lansing:
“I think in general the message that Occupy Lansing has is very good. We do have to realize that our politics has way too much corporate interest in it.”
ForTheRecord Says: That was then, this is now.
Here’s how MichiganVotes.org summarized Senate Bill 111, with the tagline, “Transfer … more
Whitmer seeks ongoing $500M per year for corporate welfare fund
Budget director: SOAR incentive fund would be filled from corporate income tax collections above $1.3 billion
… but its history is one of failure
Whitmer’s plan would fund SOAR from corporate income tax revenues, according to budget documents. The funds would come from corporate tax collections the exceed $1.3 billion per year. Smaller sums would be … more
Partisan Left’s Corporate Welfare Position Depends on Which Party Holds Office
Eclectablog changes its mind about select corporate favors
… billion of liabilities racked up by past corporate welfare deals, most of which were created during … Washtenaw County Democratic Party, called some corporate welfare handouts “investments,” which were worthy … have repeatedly voted to sustain and expand corporate welfare programs. Insincere partisan blame games … more
House Members Right to Be Skeptical of Server Farm Favors
Hard to kick the corporate welfare habit
… These particular favors are unfair to other taxpayers, but at least they will not burden taxpayers for cash handouts, as is the case with other corporate welfare programs.
If the Pyramid developers land this deal, residents’ best hope is that exemptions are as far as it goes. more
Michigan House Wise to Shift Corporate Welfare Spending to Roads
Programs shown to be ineffective and wasteful
… policies — otherwise known as corporate welfare — are ineffective at achieving … department like the MEDC encourages corporate rent-seeking, it may actually limit … moving state tax dollars out of corporate welfare and into road repairs. The Senate … brochures and anecdotes — that corporate welfare programs are a more effective … more
Union Official Criticizes Corporate Handouts But Endorses Business Subsidy Champion
Former GM employee and UAW official has favored giveaways to ‘corporate special interests’
… e talking point “wealthy corporate special interests” has been … rules in favor of wealthy corporate special interests,” AFL-CIO … biggest benefactors of corporate welfare – General Motors.
According … large beneficiary of the corporate handouts Whitmer has supported. … has received a dozen corporate welfare deals that authorized … more
Will Republicans Backtrack on Corporate Welfare Cuts?
Many economic development programs receive bipartisan support
Corporate Welfare to Increase $20M
Corporate welfare, business subsidies and other handouts will increase $20 million, to $195 million, in Gov. Rick Snyder’s proposed 2013 budget, according to MLive.com, causing concern for one Mackinac Center analyst.
“I hope that the governor doesn’t scale these programs up year after year as we’ve … more
State Corporate Welfare Didn't Work For Greenville
Centerpiece of previous governor’s economic policy, has also been favored by current candidates
As Michigan’s gubernatorial election approaches, corporate welfare may be among the campaign issues. Both major party candidates have past voting records … example Granholm cited in that video shows how ineffective state corporate welfare policy was for the city of Greenville, in what turned out to be a … more
State Senator Tries to Fine-Tune Corporate Welfare
Nate Shannon has approved more than $1 billion in subsidies, but now aims to punish ‘greedy corporations’
… votes, he approved $1.033 billion in business subsidies through 2021.
The Michigan Economic Development Corporation, the state agency in charge of corporate subsidies, announced April 26 that it was subsidizing a private project in Warren that could create 600 jobs. Shannon put out a press release the … more
Update your memes: Michigan Democrats have embraced corporate welfare
Progress Michigan meme misses the reality in 2023: In Democrat-run Lansing, corporate welfare is as popular as ever
… organization fails to mention is that Democratic leaders have prioritized corporate welfare during their first month of control in Lansing.
The Democratic trifecta … spending in Senate Bill 7. The bill, which includes $450 million in corporate welfare, was passed without hearings or testimony before being sent to Gov. … more
Potential Corporate Welfare Binge Risks Second Michigan ‘Lost Decade’
Gov. Rick Snyder scaled back the giveaways in 2011
… 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
22 Of 498 Michigan Legislators Said 'No' To Corporate Welfare Since 2001
Freshman Rep. Steven Johnson was three-for-three with his 'no' votes
… major developer in downtown Detroit.
Johnson submitted his stance on corporate welfare in a statement to Michigan Capitol Confidential:
“I would be happy … everybody else. For these and many other reasons, I am opposed to corporate welfare and would like to see a level playing field for all.” more
Like CapCon on Facebook
Follow CapCon on X