The Great American Jobs Scam: Corporate Tax Dodging and the Myth of Job Creation

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Juli 2005



Corporate America has perverted economic development, using "job blackmail" (the threat of relocation), dubious "business climate" studies and secretive site location consultants to win subsidies from states and cities that often exceed $100,000 per job.The result: corporate tax rates have been slashed, shifting a higher tax burden onto working families. But the special favors often come with few strings attached, so corporations remain free to lay workers off, run away or outsource. Less tax revenue also means crowded schools, crumbling infrastructure, and poorer public services. And special tax breaks for big-box retailers like Wal-Mart fuel suburban sprawl, cannibalizing sales from small merchants and even killing regional malls.Meanwhile, America has neglected the two things that are proven winners in economic development: skills and infrastructure. The U.S. faces a looming skilled-labor crisis due to the baby boom generation's approaching mass retirement; it has also woefully neglected its infrastructure systems. We should be using common-sense reforms already proven in some states to rein in loose giveaways to corporations and put the money where it is most desperately needed and sure to pay off.


Greg LeRoy has more than 25 years experience, directs Good Jobs First, a national resource center he founded in 1998 to promote corporate and government accountability in economic development and smart growth for working families.
EAN: 9781576753156
ISBN: 1576753158
Untertitel: Sprache: Englisch.
Erscheinungsdatum: Juli 2005
Seitenanzahl: 290 Seiten
Format: gebunden
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