In an Op-Ed in the St. Louis Beacon, Christine Harbin of the Missouri-based Show-Me Institute argued that "Tax credit programs are not as effective as advertised" and used Mackinac Center research to help make the case:

The Mackinac Center for Public Policy in Michigan released a study in which it compared job estimates made by Michigan's economic development agency accompanying tax credit awards to the actual outcomes of those programs. Mackinac found that only 7.9 percent of projects were completed on time and produced the number of jobs promised. Missouri cannot afford this failure rate.

In a recent series of articles, Michigan Capitol Confidential has been highlighting the folly of — and uncovered potential for abuse — involving these types of "economic development" programs by looking at the tax breaks offered to a horse racetrack.

Stay Engaged

Receive our weekly emails!

~~~~~

Related Articles:

Let Them Work: Solutions for Michigan’s Overbearing Occupational Licensing Laws

Your Tax Return Fundraises For These Nonprofits

Karl Marx the Most Assigned Text at Michigan Colleges

West Virginia House Vote Could Tip National Scale on Right-to-Work

February 5, 2016 MichiganVotes Weekly Roll Call Report

Little Evidence That Unions Make Workers Safer

Share More …