Search for “subsidy”
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Not Much Difference Between Current Corporate Handouts and Recliner Subsidies
Slouching towards subsidies
… introduce the Comfort Michigan subsidy program for select recliner … partisan issue. Business subsidies tend to be approved with … private interests. Business subsidies get pocketed by business … owner, just as recliner subsidies would go to a person’s direct … people asking for business subsidies might point out that their … more
In the Battle for Jobs, Subsidy Programs Shoot Blanks
More subsidies won’t improve economy
… justify a proposal for new Michigan taxpayer subsidies to certain businesses.
"But the reality is if … states. Regardless of their caliber, however, the subsidy programs Rothwell supports only shoot blanks. … economy is doing well and adding or losing more subsidy programs won’t change that. more
Targeted Business Subsidies vs. Broad Tax Relief
State lawmakers think subsidies improve the economy more
… state never got out of the subsidy business. The deals they sign, … only happened with state subsidies. And even then, that doesn’t … consequences for business subsidy expenditures.
If all of these … out in old business tax subsidies and the $170.9 million in new subsidies approved in the budget, plus … more
Is One Subsidy Really Any Better?
Subsidies do have a destabilizing market influence
… interests directly attacking subsidies as a destabilizing influence … in multiple billions of subsidies, credits, and market carve-outs. … percent of all federal energy subsidies in 2016 ($6.7 billion in … that must be addressed with subsidies.
If coal and nuclear plants … pretend massive and prolonged subsidies for renewable energy haven’t … more
Politicians Cannot Keep Up With Dynamic Economy
Subsidies for a handful, costs for everyone else
State lawmakers created new business subsidy programs last year. This new taxpayer spending will have little effect on the state economy and will not likely justify its costs. This is because politicians cannot keep up with the massive dynamic job loss and job creation that occurs outside of Lansing’s … more
Budget 2021: State of Corporate and Industry Handouts
Lawmakers should cut unnecessary and ineffective subsidy programs
… repeatedly shows state jobs program subsidies to be an ineffective development … would pay taxpayers back for the subsidies.
We then narrowed our analysis … recipients in 2012 that would earned a subsidy. We compared their job-creating performance … out or just failed to earn their subsidy. We found from this comparison that … more
Memo to Reporters: Follow the Money!
On Hollywood subsidies
… Granholm signed the law making the tax subsidy the most lucrative in the country, …
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Five Reasons Government Subsidies For Films Are A Bad Idea
Super Subsidies
Housing Expenses Among the Perks … Stop State From Giving Company Huge Subsidy
Film Incentives: The $50 Million … more
There are no free rides — Michigan taxpayers will subsidize the QLine through 2039
Republicans helped pass a subsidy for a train that has a fraction of the ridership it would need to sustain itself
… into a $5 million annual subsidy of the Woodward Avenue street … cover costs.
The $5 million subsidy from state taxpayers will … fund the train. The public subsidies started during the pandemic and … Lansing in January, this subsidy didn’t need to wait for the … of Senate Bill 1222
The subsidy was tucked inside Senate Bill … more
State Budget Follies
Senior Olympics subsidies getting old
… tennis and golf.
The state should kill this subsidy on fairness grounds alone. There are countless … government. Yet those who choose to participate sans subsidy are being forced to pay for the Senior Olympians’ … district 1,000 new textbooks.
Senior Olympics subsidies are unfair, unnecessary and waste precious resources … more
The Corporate Welfare Lady Protests Too Much
Evidence shows subsidy efforts are ineffective
… for Michigan.” That is a misnomer. It should instead be called “MEGA 2: Subsidies for Large Conglomerates.” That’s because the program is modeled on the … influence the course of their state or local economies through incentives and subsidies to a degree far beyond anything supported by even the most optimistic … more
Michigan Chamber CEO Blasts Film Subsidies as a 'Boondoggle'
Bill extends film subsidies indefinitely
… Michigan’s film incentive subsidy program indefinitely. Senate … Rich Studley blasted film subsidies during withering testimony … taxpayer dollars spent on film subsidies would be better employed … roads.
“If the Michigan film subsidies were a movie it would be … altogether, allowing film subsidies to continue on a permanent … more
Michigan taxpayers funded artistic and financial flops in last film-subsidy effort
In movies and subsidy programs, the sequel is rarely better
… short-lived blip of jobs appeared. The subsidies were widely derided by economists … approved for $1 million in select subsidies, paid for by everyday Michiganders. … did the state film office approve subsidies for documentaries about someone … little difference between a direct subsidy and a transferable tax credit. Regardless … more
December 5, 2014, MichiganVotes Weekly Vote Report
Road funding, religious freedom, film subsidies & more
… selective tax breaks and subsidies granted to particular corporations … 1103, Extend film producer subsidies: Passed 73 to 37 in the House … the law authorizing state subsidy payments to some film productions … make some changes to the subsidy allocation formula. This year … was appropriated for these subsidies.
Who Voted “Yes” and Who … more
Center Scholar Interview in Wall Street Journal
Prof. Richard Vedder on college subsidies
… roughly 18% do.
This growth in subsidies, Mr. Vedder argues, has fueled rising … colleges to raise their fees."
Subsidies for colleges act as a disincentive … meantime, there is no evidence that more subsidies lead to economic growth or job creation. … numbers are despite massive increasing subsidies over the past decades.
A Wall Street … more
Reporting or Promoting?
Why transparency of business subsidy programs shouldn’t be controlled by administrators
… tells people about what business subsidies the state has offered and some of … nothing if they were not handed a subsidy. They also include gains from their … advocacy group skeptical of business subsidies, found that all states could improve … useful information about its select subsidy deals. But Illinois’s transparency … more
State Lawmakers Should Cut Business Subsidies Even More Next Year
… reduction in key business-subsidy programs. Let’s hope that … signals less support for these subsidies, which are ineffective at … This money gets spent on subsidies for real estate development … state awarded 23 companies subsidies to create 3,700 jobs, just … state spending on business subsidies doesn’t go through the budget … more
Michigan bill revives film subsidies, adds cash giveaway for touting state in commercials
Film subsidies failed to have a lasting impact the first time around
… the state. A new set of lawmakers is considering plans to revive the subsidies, which could include 35% of the cost of hiring certain workers.
Senate … added. “Brands like Kellogg’s and Motown Records were not born of taxpayer subsidies, but from entrepreneurs who thought their own investments might produce … more
Legislator ‘Stunned’ By End Of Film Subsidies, Knocks Other Corporate Handouts She Approved
Democrat voted for $1.2 billion in 'huge tax breaks and sweetheart incentives'
… now-defunct Michigan film subsidy program back in 2015.
In … her dismay that the film subsidies program had ended.
“I was … more transparency for these subsidies.
According to one recent … billion in direct business subsidies during her 44 months in the … other kinds of business subsidies are included.
Among the … more
Let Corporate Handouts Expire
Roads are a better use of the public purse than business subsidies
… compromise to get a business subsidy program approved in 2017, … company rejected Michigan’s subsidies and went elsewhere.
Not … what happens with business subsidies. State and local governments … be told that this latest subsidy program has been a success …
A finding that a business subsidy program doesn’t drive growth … more
State’s Business Subsidy Cherry-Pickers Failed In Handout To Cherry Picker
Picking corporate subsidy winners and losers not like choosing fruit
Michigan Crushes Korea in Corporate Welfare Handouts
Nearly $9 billion in crony-capitalism subsidies
… Journal recently criticized government subsidies that South Korean politicians have … Seoul gave $673.9 million in direct subsidies to the chaebol. That doesn’t count … in 2009 and 2010, its politicians and subsidy-granting officials managed to approve nearly $9 billion in subsidies to corporate interests, including … more
Batman and Superman vs. Taxpayers
Film subsidy costs taxpayers almost $8 each
… price when the movie is released in 2015.
Film subsidies are bad policy, opposed by nearly all independent … population to a few very large studios. And when subsidies are threatened to be cut, those large studios …
Michigan House Republicans tried to end the subsidies last year, but the GOP-dominated Senate resisted … more
One Sector Grew Last Decade: Corporate Welfare
Very few jobs to show for special favors, subsidies
… actually confirming that subsidy recipients kept their “jobs” … replaced in 2011 by a direct subsidy program, with amounts appropriated … tax reductions and flat-out subsidy checks. How much of each has … launched her own selective subsidy and tax break programs. One … allocating state research subsidies to the state actually owning … more
State Business Handout Program Wastes Another $2 million
Another state subsidy deal fails to deliver
… given $2 million in state subsidies through the MBDP and a “Renaissance … stage” and that, without the subsidy, the “project could be at risk.”
The state subsidy deal required RNFL to create … state 112 percent of the subsidy — that, is, a profit. Michael … Corporation, said that several subsidy deals, including this one, … more
Corporate Welfare and the Michigan Business Tax
Some subsidies extend another 20 years
… it was a departure from the previous administration that approved huge subsidies or tax breaks for politically connected enterprises.
However, note that … that almost one-third of the “$1.8 billion” claim comes from selective subsidies and tax breaks granted under the previous administration’s open-ended … more
What Happens When the Michigan Economic Development Corporation Ends?
State could save millions by stopping ineffective subsidies
… money lawmakers can direct elsewhere. If the state is out of the selective subsidy game, it should also reconsider the fund balance of the 21st Century Jobs … and spent elsewhere if the MEDC closes and the state stops its business subsidies. more
What Michigan Government Lacks in Transparency
Billions in business subsidies still can’t be disclosed
… officials refuse to disclose to Michigan residents which companies are collecting how much of literally billions of state tax dollars in business subsidy payments. The state makes available a treasure trove of information on most of its spending, but mum’s the word when it comes to providing transparency … more
October 24, 2014, MichiganVotes Weekly Report
Extend film subsidies, and more key votes from 2014
… 1103, Extend film producer subsidies: Passed 32 to 4 in the Senate … the law authorizing state subsidies for film productions, and … calculate a particular producer's subsidy. This would remove limitations on giving larger subsidies based on very high compensation … larger share of the total subsidy budget. Legislators earlier … more
Slotkin ad mistakes job announcements for jobs, subsidies for growth
Opposing subsidies is not the same as opposing jobs
… once: A person can oppose subsidies for one of Michigan's largest … world of politics, opposing a subsidy is equated to opposing jobs, … position that corporate subsidies do not work. Barrett wrote … issue of fairness in the subsidies, wherein small businesses … awarded $1 billion in cash and subsidies this year by the state in … more
Hey! Is that Brad Pitt in the Frozen Food Aisle?
Almost every argument in favor of film subsidies is wrong
… to terminate the state's subsidies to film producers.
ForTheRecord … pictures since Michigan’s film subsidy program began in 2008, “How … IMDb. So apparently film subsidies had nothing to do with Nicholson …
ForTheRecord says: State film subsidies mostly go to Hollywood movie … (it may have also received subsidies from other states). In 2012, … more
Star Struck: Why States Chase the Film Industry with Subsidies
While economists on the right and the left say they shouldn't
… opportunity to put Michigan’s film subsidy program to rest. Instead, … demonstrating that state film subsidy programs are bad investments, … authored a study on state film subsidies four years ago when he worked … study was that “state film subsidies are costly to states and … his opinion of state film subsidies hadn’t changed. The following … more
Biden infrastructure law was a $30B push for EVs
What will become of the EV when subsidies dry up?
… infrastructure law, electric vehicle interests were granted $30.2 billion in subsidies over several years.
These subsidies include:
$5 billion for a national charging infrastructure
$5 billion … more
Michigan Lawmakers Approve $1 Billion in New Corporate Subsidies
Their votes can be seen and tracked on a business subsidy scorecard
… been added to a business subsidy scorecard that has recorded individual … taxpayer dollars on business subsidy programs even though these have … executives who suggested subsidies would be needed to get them … authorize additional corporate subsidy programs. A comparatively … $17.6 billion in business subsidies.
The latest $1 billion subsidy … more
What Michigan can do with $500 million rather than giving it to Hollywood
There is no reason to resurrect film subsidies
… create jobs.
But when the subsidies dried up, the jobs left. … out this time. But current subsidies being given to large corporations … states currently offer film subsidies, hoping to become the next Hollywood. How would a subsidy scheme make Michigan stand … adopted a $500 million film subsidy. To this day, the promise … more
Government Spending on Universities Rise, Tuition Hikes Follow
Higher education funding returns little to the state
… little bang for their buck for these subsidies. Higher education spending does … “despite spiraling tuition, government subsidies for higher education are – contrary … education in the form of direct subsidies, tax credits and tax breaks.
In … dollars total state and federal subsidies have more than doubled, while funding … more
‘Trough Truce’ on Display in Latest Debate on Corporate Welfare
Latest business subsidy gets bipartisan support and some opposition
… with handing out select subsidies to certain businesses but … contained $136 million in select subsidies. The state expects also to …
Spending on these business subsidies is perhaps the most wasteful … ages six to 18. Business subsidies given for economic development …
The support for business subsidies is narrow: The people handing … more
So Long Film Subsidies
Other 'economic development' programs should be next
… 2005. The programs have made early-stage company grants, battery plant subsidies, matching fund grants, incubator assistance, mezzanine financing and others. … are worth more than the company’s tax liability makes these credits a subsidy from other taxpayers.
At its core, the economy is about people working … more
Is One Subsidy Really Any Better?
… interests directly attacking subsidies as a destabilizing influence … in multiple billions of subsidies, credits, and market carve-outs. … percent of all federal energy subsidies in 2016 ($6.7 billion in … that must be addressed with subsidies.
If coal and nuclear plants … pretend massive and prolonged subsidies for renewable energy haven’t … more
Will Michigan Taxpayers Be Giving KISS Millions For the Rock Band's Film?
Gene Simmons slaps down socialism but KISS film may accept film subsidies
…
Record Profits For Warner Bros. Doesn't Stop State From Giving Company Huge Subsidy
Five Reasons Government Subsidies For Films Are A Bad Idea
Film Incentives: The $50 Million Sequel
Public … more
Riches-to-Rags Story Developing For Movie Operations in Michigan
House budget proposes eliminating state's $50M film subsidy program
If the state’s film subsidy were a movie itself, it likely would … 145-1 vote that gave huge subsidies to the movie industry, Republican … to vote against the film subsidy.
"I think the mounting body … and actually a questionable subsidy to the movie industry led … that these Hollywood film subsidies mainly send our Michigan … more
Whitmer signs $5M/year QLine subsidy through 2039
Republicans, in large numbers, championed and supported the subsidy for little-used Detroit train
What started as Senate Bill 1223 — a $5 million per year subsidy for the QLine Detroit commuter train through 2039 — became Public Act 276 of 2022 Thursday, … official history.
The Senate Fiscal Agency analysis explains how the subsidy would work. The bill would:
Extend, from September 30, 2022, to September … more
Michigan Treasury Erroneously Sent Out a $14.5 Million Check
Company's corporate subsidy check was doubled
Subsidies Drive Up College Costs
… Matthew Yglesias says increasing subsidies for college won’t bring down the … appropriations, is not much more than a subsidy from the poor to the rich. They encourage … reasons, the state should limit the subsidies.
As Yglesias concludes, “At any given level of subsidy, schools are going to charge families … more
Vox Media Criticizes Government Subsidies — But Took Them
‘Media on a government dole’ raises questions about independence and more
… taxpayer-funded business subsidies from the state of New York.
The subsidies were authorized under something … and questioning business subsidies elsewhere. Last year, Vox … site The Verge questioned subsidies approved by the state of … continues to receive its own subsidies may be in doubt following … more
Say No to Business Subsidies
Michigan should sign onto an interstate compact to eliminate corporate welfare
… million in taxpayer-paid subsidies. States should stop this … without handouts.
Business subsidies are bad policy. They waste … state offers some kind of subsidy.
It seems that it is tough … see who can offer the most subsidies leaves us all worse off, … offering their business subsidies. But they then get rid of … more
Train Wreck: Amtrak Is a Case Study in Government Waste
… this month.
The beneficiaries of a government subsidy — including the bureaucrats who administer it … dollars later, Amtrak is still bleeding red ink. Subsidies total nearly half a billion dollars this year … People Mover, are models of inefficiency. The subsidies per passenger and per mile are off the charts … more
Need A Microscope to Find the Corporate Welfare Jobs in Michigan's Economy
Press releases roar, subsidies bring forth a mouse
The Michigan Economic Development Corporation announced that state business subsidies would create 1,916 jobs in the third quarter of 2015. Those 1,916 projected jobs are dwarfed by the normal and ongoing churn of the state economy. And the job promise numbers are probably overstated too: A September … more
While Taxpayers Shell Out Big For Hollywood Stars, Media Fawns
Michigan continues 'Big Hollywood' film subsidy
… Engagement” got $5.23 million in film subsidies and “Answer This” received $166,000 in tax subsidies.
The kind words didn’t come without … Michigan Taxpayer
Michigan Film Subsidy Winner Costs 10x More to Make Than … to Continue 'Big Hollywood' Film Subsidy more
Analysis: Transit Nonsense + State Health Care Rationing = Really Bad Policy (Roll Call Votes)
Transit-related spending, tax break and subsidy bills
… brownfield tax breaks and subsidies to developments within a … infrastructure projects and subsidies that promote mass transit. … redevelopment” tax breaks and subsidies for developers of projects … infrastructure projects and subsidies that promote mass transit … infrastructure projects and subsidies that promote mass transit … more
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