Targeted Tax Breaks Work for Elected Officials But Not Necessarily for Economy or Us

In GoLocalProv yesterday, Pam Gencarella outlined all of the flaws with TSA’s and other targeted tax incentives, starting with the fact that they seem to buy friends for elected officials at our expense.

Isn’t that what RI government is doing every time it provides a tax credit or a tax stabilization agreement, or designates an area as an enterprise zone? Sure, we might keep a business here or we might attract a new business there (although the languishing I-195 land indicates otherwise) but does that help improve RI’s economy?

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