I personally think tax incentives to companies to relocate should not be allowed.
Yeah, I know they weigh the overall initial break vs long term sales/tax revenues, but it doesn't always work out that way.
My home town courted Huffy Bicycle years ago with a huge tax break, built them a 10 acre manufacturing facility that was state of the art to their specs giving them tax and utility incentives.
They moved in, made one hell of a contribution at barely above minimum wage. Gave away a hundred bicycles or so a year to local charities with huge fanfare, and when the time ran out on the incentives, they shut the doors and moved out within a few months. (the current rules for shutting down large facilities was not in effect at that time.)
After the facility sat unused for many years, it was basically given to a grocery distribution company just to get someone in there.
I'm sure there are huge success stories, but there are also failures.
I agree. I think tax incentives are short term gains for longterm loses in many instances.
We are celebrating GA for 'sticking' it to Delta by eliminating a tax incentive. That is great (and probably a better longterm move in some respects), but would we be so happy if a liberal state started to do the same thing to groups that supported the NRA?
I just have a hard time celebrating anyone who uses the government to 'punish' private businesses in this way. It seems like path down the slippery slope we always talk about in other areas.