Climate change needed
In These Times
by David Moberg

10/19/05

What's the heart of the Bush plan to revive the hurricane-shattered Gulf Coast? Cutting business taxes and workers' wages -- with dollops of federal contract money to a favored few corporate cronies. But that shouldn't be surprising. Whatever the domestic problem, his solution is similar. Bush may be especially single-minded in pursuit of this strategy, but it has a long history that helps to explain why inequality has grown in the United States over the past several decades and why the quality of public life and institutions has suffered. In 'The Great American Jobs Scam: Corporate Tax Dodging and the Myth of Job Creation,' Greg LeRoy tells an important part of that history -- how corporations use the promise of jobs (or the threat of their loss) to avoid state and local taxes, win public subsidies and fatten their bottom lines at the expense of ordinary taxpayers and crucial public services, like educating children and maintaining an efficient physical infrastructure on which businesses and everyone else rely...

http://www.inthesetimes.com/site/main/article/2358


Informant: Thomas L. Knapp