Decades of trying to push the bullshit line that we "create jobs" by giving away tax breaks to wealthy people and corporations. And now the minute they have enough power that they don't have to sell it anymore, they just drop the bullshit and say what they mean.
Manufacturing companies can qualify for lucrative property tax exemptions even if their investments don’t create or retain jobs, under an executive order that Gov. Jeff Landry signed on Wednesday that marks a significant shift in the way the state incentivizes economic development.
Landry’s order, which he signed Wednesday but announced earlier this month, reverses a big change to the Industrial Tax Exemption Program, better known as ITEP, that then-Gov. John Bel Edwards made in 2016 and again in 2018.
“We have removed the job requirement because this program is about capital investment. It is not about job creating,” Landry told a crowd at the annual luncheon in Baton Rouge of the Louisiana Association of Business and Industry, the state’s most powerful business lobby.
No comments:
Post a Comment