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Tuesday, May 13, 2008

City Offers Bank $4M Tax Break

Giving tax breaks to big business to encourage them to locate in a given area (City offers bank $4m tax break to relocate: From downtown, a move to waterfront, Boston Globe, April 30 :A1) is a beggar-thy-neighbor proposition.

Right now a bill going through the legislature is proposing an inter-state compact to bypass the electoral college to ensure that the President is elected by all the people. We urgently need an inter-state, inter-city, inter-town compact that will disallow these ridiculous handouts to the wealthy top managers of corporations. Where do you think that $4m rebate will go: right into the pockets of the CEO and top management through their profit related bonuses.

It is time to say no to the corporate welfare bums (Quote from former Canadian NDP leader, David Lewis).
Sent to Boston Globe

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