Cities, counties take back corporate tax breaks (AP)

Associated Press | Jan. 2, 2010

Full Story »

Posted by Warrior Wheatman

More Info

4.2

by Warrior Wheatman - Jan. 11, 2010

After luring companies with abatements and tax incentives, come CLAWBACKS. A struggle to make up for budget cuts.

This poor (most poluting, on-demand pushbutton, 'RICH') country, is strugling to keep the jobs of buttum-pushers. How else can taxes be paid in the MACHINE-AGE. 'Welcome To The Machine', Welcome to 'METROPOLIS'.

The newfound boldness comes from communities and states that have long bent over backward to lure companies and jobs by offering abatements and other incentives — to the ... More »

Warrior posted this story.

See Full Review » (13 answers)

4.1

by Dwight Rousu - Jan. 11, 2010

Clawbacks seldom make the news. This is quite well researched to find a wide range of places where clawback rights are being exercised.

With corporations bigger and richer than the governments of localities that want more jobs, the companies have been playing one community against another to extort concessions. This article shows the importance and utility of assuring that any extortion agreements have a strong clawback provision.

See Full Review » (16 answers)