A: Many of those tax breaks were enacted years ago for purposes that seemed important at the time and that perhaps we could then afford. But for the most part, they've been on autopilot; most have never been closely evaluated to see if they're still working, still needed, and still accomplishing their goals (if they ever did). They should be identified in our budget as expenditures that we have chosen to make.
As for clawbacks, we need to make sound deals in the first place with companies that have a good track record, pay good wages, and take advantage of Maine's competitive advantages. Sound deals will contain remedies against companies that fail to live up to their responsibilities.
AL, SC, IN, and TX are attracting huge investments by companies, providing higher paying jobs for their residents, without exorbitant taxpayer subsidies. Why shouldn't Maine people benefit from the same economic opportunity? Remember one simple truth: "Capital investment goes where it is welcomed--and stays where it is appreciated."
|2016 Presidential contenders on Corporations:|
Mayor Rahm Emanuel(IL)
2016 Third Party Candidates:
Mayor Michael Bloomberg(I-NYC)
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