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All posts tagged "New York Times"

  • Labor & EconomyDecember 5, 2012

    Business Tax Subsidies: The Grift That Keeps on Giving

    Few things have been a bigger buzz kill to the holiday season than the New York Times‘ epic investigative series questioning state and city government subsidies to big business. If you thought super-rich individuals were getting away with not paying their fair share (or any share) of taxes, the Times now lifts the veil from a system of corporate blackmail wherein companies are basically being given the tax dollars we pay to government. In exchange, these companies promise to do – nothing.

    In the case of heavy industry, “nothing” means a manufacturing company will tell a locality that it may have to move its decades-old plant to another state or country unless it gets a whole lot of tax breaks, free sewage improvements and road repairs. In the case of Oliver Stone’s movie company and its plans to shoot a New York-specific story,

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