[CPEO-BIF] "Missouri is drunk on tax credits"

[Lenny Siegel <lsiegel@cpeo.org>]

Editorial: Missouri is drunk on tax credits. Who will take the bottle  
away?

By the Editorial Board
St. Louis Post-Dispatch (MO)
June 18, 2013


Here's how former Missouri Sen. Matt Bartle, R-Lee's Summit, once  
described the state’s love affair with tax credits as an economic  
development tool:

"We have become drunk on tax credits," Mr. Bartle said. "Absolutely  
drunk. The tax credits are eventually going to squeeze the middle  
class taxpayer so extraordinarily."

...

In an interview, Mr. Hastie conceded that requiring some sort of  
outside party to certify projects would be a reasonable reform to the  
brownfield tax credit program.

We'd go even further.

No government funding for million-dollar redevelopment work should  
ever be awarded without an open, competitive bidding process that  
protects taxpayers.

...

For the entire editorial, see
http://www.stltoday.com/news/opinion/columns/the-platform/editorial- 
missouri-is-drunk-on-tax-credits-who-will-take/ 
article_90370311-0f6e-55a4-8482-662ba198f1a3.html

You may need to copy and paste the link.

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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