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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

Michigan’s ‘corporate giveaways’ machine faces shutdown under new bills

Bills follow million-dollar scandals at economic development agency

… rein kill several programs in the state’s corporate welfare system. Some of the MEDC’s functions would … wasted billions of taxpayer dollars on risky corporate giveaways and suspect grants to politically connected … “We cannot continue replacing one failed corporate welfare scheme with another. Michigan has tried that … 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

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

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

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

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