Letters to the Editor

Attracting business

March 9, 2011

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To the editor:

Nearly every state is facing a budget deficit. Kansas is not one of the exceptions. Politicians are quick to discuss cutting spending on programs that are critical for the public welfare like education, health care, mental health care, law enforcement, infrastructure maintenance, and even art. No one asks the ugly question: How much money does Kansas spend to attract corporations? At what benefit?

Nationwide, states spend billions to attract business. Is this healthy free market competition or is it a game of financial chicken? These are not easy questions to answer, a simple Google search doesn’t get the job done. Perhaps the states should form a union and demand equitable treatment.

Comments

just_another_bozo_on_this_bus 4 years, 1 month ago

You're asking for transparency and accountability in corporate welfare, er, sorry, EcoDevo? This is a sacrilege and heresy.

Tax breaks always create jobs. Always. Taxing the rich always crashes the economy. Always.

Please repeat these phrases many times a day, and schedule a lobotomy if this doesn't create right thinking within a few weeks.

citizen4honor 4 years, 1 month ago

There have not been steady tax cuts since 1990's. Short memory. Taxes have been steadily rising since 1980's. State taxes use to be below 4% in 1980's now KS is at 6.3% and many states are higher than that. Corporatations have been taxed with fines, rules and regulations.
Citizens federal taxes have INCREASED - not decreased because deductions have been eliminated - remember you use be to able to deduct all sales tax from your income when filing.
Our government is too big. Here's a little fact. During Clinton years 1.8 Million government jobs were added. It takes 100 private sector jobs to pay for 1 gov't employee. For us to have stayed even, Clinton would have needed to create 180 MILLION new private sector jobs during his term. This is our problem. An over bloated ineffective and inefficient big money sucking government. Corporations are not the problem. Our government is.

jafs 4 years, 1 month ago

They're both problems.

And, the biggest problem is the influence of money on politics.

roguesword 4 years, 1 month ago

Right, Oil companies claimed more than $3k dollars a second over the last decade in profit while simultaneous receiving billions in government breaks, that doesn't seem a little askew? Corporations are the problem because they pay our politicians.

citizen4honor 4 years, 1 month ago

If companies can't make money they don't need workers. Wake up.

deec 4 years, 1 month ago

* Treasury Department figures show that actual corporate income tax revenues fell to $132 billion in 2003, down 36 percent from $207 billion in 2000.
* As a result of these low levels, corporate revenues in 2003 represented only 1.2 percent of the Gross Domestic Product (the basic measure of the size of the economy), the lowest level since 1983, the year in which corporate receipts plummeted to levels last seen in the 1930s.
* Corporate revenues represented only 7.4 percent of all federal tax receipts in 2003. With the exception of 1983, this represents the lowest level on record (these data go back to 1934).

http://www.cbpp.org/cms/index.cfm?fa=view&id=1311 "2008 projections 1,146 billion - individual income taxes 275 billion - corporate income taxes 906 billion - social security taxes 81 billion - excise taxes 25 billion - estate and gift taxes 25 billion - customs duties 47 billion - miscellaneous receipts TOTAL - 2,506 billion http://askville.amazon.com/percentage-revenue-income-tax/AnswerViewer.do?requestId=6872434

citizen4honor 4 years, 1 month ago

And what is your point? Corporations pay social security taxes and medicare taxes. You forget about all the other taxes corporations pay: FUTA, state taxes, state unemployement taxes Just these taxes are 10% . Then there are all the registration fees, taxes etc. This country was never designed for corporations to pay for our legislators votes. That's what this is about. Our Government using taxes - robbing us to buy votes. Plain and simple. Your posting is very misleading.

deec 4 years, 1 month ago

" Eighty-two of the 275 companies, almost a third of the total, paid zero or less in federal income taxes in at least one year from 2001 to 2003. In the years they paid no income tax, these companies earned $102 billion in pretax U.S. profits. But instead of paying $35.6 billion in income taxes as the statutory 35 percent corporate tax rate seems to require, these companies generated so many excess tax breaks that they received outright tax rebate checks from the U.S. Treasury, totaling $12.6 billion. These companies' "negative tax rates" meant that they made more after taxes than before taxes in those no-tax years. Twenty-eight corporations enjoyed negative federal income tax rates over the entire 2001-2003 period. These companies, whose pretax U.S. profits totaled $44.9 billion over the three years, included, among others: Pepco Holdings (-59.6 percent tax rate), Prudential Financial (-46.2 percent), ITT Industries (-22.3 percent), Boeing (-18.8 percent), Unisys (-16.0 percent), Fluor (-9.2 percent) and CSX (-7.5 percent), the company previously headed by current Secretary of the Treasury John Snow. " http://reclaimdemocracy.org/corporate_welfare/real_tax_rates_plummet.php

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