Amazon scores two more $5+ billion bids A non-blogging friend points me to the announcement today of Maryland’s subsidy bidthat puts Montgomery County into one of the 20 finalist slots. Shockingly, Governor Larry Hogan (R-MD) put in a bid that would pay Amazon almost the entire cost of its facility, depending on what you think a proper […]
Now Amazon wants to break the bank On Thursday (October 19), the first stage of the Amazon sweepstakes for a second headquarters, dubbed “HQ2,” was completed as cities submitted their bids to the Internet giant. With a possible $5 billion investment and eventually 50,000 jobs at salaries over $100,000, this is one of the very […]
Reports of Obamacare’s death are greatly exaggerated: All counties to be covered for 2018 Obamacare has now obtained an insurer for every county in the country, defying Republican claims that the program is collapsing. As reported by The Hill, “At one point or another over the past year, more than 80 counties have been at […]
The already infamous case of Foxconn in Wisconsin illustrates a dynamic we are likely to witness more before we are rid of the illegitimate Trump regime. One of the regime’s hallmarks has been a set of unpredictable trade policies with a definite protectionist tilt. The United States was withdrawn from the Trans Pacific Partnership agreement […]
Foxconn hit the jackpot with Wisconsin on Wednesday, when CEO Terry Gou and Governor Scott Walker signed a memorandum of understanding for the company to invest $10 billion in southeastern Wisconsin in return for $3 billion in state subsidies and an undetermined amount of local incentives in the form of tax increment(al) financing (TIF).* The […]
Foxconn aims to break the bank While the head of the illegitimate Trump regime makes multiple headlines telling the New York Times that he is above the law, we have to remember that there are plenty of other issues of concern to the middle class. One of the most striking is the latest huge bidding […]
Republicans help pass Illinois budget over Rauner’s veto For the second time in as many months, legislative Republicans have turned on their Republican governor for his refusal to back tax increases to help balance the budget. Last month, supermajority Kansas Republicans revolted against Sam Brownback’s six-year tax-cutting experiment, which brought the state persistent budget problems […]
One consequence of electing the popular vote loser is that the official winners act as if they have a mandate for the most extreme version of their policies. Thus, we have proposed legislation, the misleadingly titled Better Care Reconciliation Act, that will not only roll back Obamacare’s expansion of Medicaid, but impose further large cuts […]
Video series for “Rethinking Investment Incentives” As regular readers will recall, I contributed to the Columbia Center for Sustainable Investment’s book, Rethinking Investment Incentives: Trends and Policy Options (Columbia University Press, 2016). Now, the editors have put together a series of video teasers for most of the individual chapters, all of which can be seen […]
Kansas Republicans abandon Brownback; raise taxes over his veto Remember Kansas’s great tax-cutting experiment under Governor Sam Brownback? (Me, sarcastic?) As always in Arthur Laffer and Stephen Moore La-La Land, cutting taxes leads to economic nirvana. Except when it doesn’t, and it didn’t in Kansas. I recently wrote about the idiocy of Investor Business Daily‘s […]