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Monday, July 26, 2010

Central States News: Nebraska Corporate Welfare For Jobs Will Cost State Tax Revenue


S
imilar to Missouri's just-approved "tax incentives" for the Ford Motor Company- the State of Nebraska's issuance of corporate welfare in exchange for job creation basically puts more pressure on it's existing tax base.


In plain language- if a company isn't paying it's full share of taxes- governments are forced to raise sales and property taxes for everyone else to make up the difference.


A story in the OMAHA (NE) WORLD-HERALD tells of Nebraska's corporate welfare- and how much that largess costs the state budget.


Until any and ALL governmental corporate welfare is brought to a halt nationwide- what remains of middle to lower-income Americans will continue to bear the cost.
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