Word: localize
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Dates: during 1990-1999
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...journalism. Unfortunately, government giveaways to corporations have a long, rich history in the U.S. Mining companies can still take advantage of laws enacted in the 1800s that allow special privileges. The only difference between this and the corporate welfare you reported on is that today the federal and local governments are selling off our future at bargain rates. DAVID BROOKS Fox River Grove...
...said that while corporate welfare is a financial boon to some companies, it is unfair to companies that do not receive equal public tax dollars. But this misses the target. The greatest flaw is that for every dollar given by local and federal governments to coddle rich corporations, there is one less dollar to support programs for workers or alleviate the plight of America's poor. The political system is part of the problem, but America's economic system, based on competition for profit and primarily serving the needs of the wealthy, dictates the behavior of both the politicians...
...presented an unbalanced and inaccurate picture of ABB Instrumentation Inc. of Rochester, N.Y., in the portion of your report titled "When Factories Become Fixer-Uppers." In fact, the local area has benefited financially as a result of the support we were given by Monroe County, N.Y. It is true that the County of Monroe Industrial Development Agency issued $21 million in bonds to support the building of a new plant. However, the company repaid this in full upon the passing of title. It is also true that the company accepted $2 million in tax abatements. These have since ceased. Instead...
...figuring out how long it will take a company to pay back lost tax revenues, you should take into account the extra benefits created when the money is spent by the employees of the companies that have benefited from tax breaks. Each dollar pumped into the local economies via grocery, gas, real estate and other purchases is also taxed in a variety of ways. Therefore, the amount of time it takes to "earn back" the original tax incentives given to a company will be considerably less than you indicated. The creation and saving of jobs through corporate welfare, no matter...
...stories you told of local and state governments' ignoring people's needs in the pursuit of low-wage jobs reminded me of how important my vote is at the local and state level. Where I live, we've elected a city council that has taken a pledge to allow no more corporate tax breaks to attract new business. EDDIE SNIDER Austin, Texas...