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California Taxpayer and Corporate Welfare

| Blog | December 2, 2013

corporate welfare

 

 

End Corporate Welfare 

California To Wal-Mart: Enough! No More Taxpayer Subsidized Profits For You

“Economic development subsidy” is defined very broadly, but shall not include expenditures of public funds by, or loss of revenue to, the local agency for the purpose of providing housing affordable to persons and families of low or moderate income, as defined in Section 50093 of the Health and Safety Code.

Williams’ Government Transparency Bill Sails To Senate

SACRAMENTO — A bill that would require local agencies to provide more transparency when approving economic development subsidies sailed through the state Assembly and is now headed to the Senate for a vote.

Authored by Assemblyman Das Williams, D-Santa Barbara, AB 562 would force local governments to explain the costs and benefits before providing any tax subsidy above $100,000 to a private business.

“This is the public’s money and the public should know exactly where that money is going,” said Assemblyman Das Williams, D-Santa Barbara. “The public, the taxpayers, deserve more sunshine and accountability in government.”

Among the many requirements, the bill would require local agencies to clearly explain the public purpose of the tax subsidy, the projected tax revenue to the local agency for the subsidy and the estimated number of jobs – broken down by full, part-time and temporary positions.

The bill also calls for biennial reports which will provide the public with the actual effect of subsidies, along with a final report at the completion of a subsidy.

Local governments routinely give out billions of dollars in tax incentives to corporations, with the hope of that subsidy infusing economic vitality into the community. Governments are often so excited to woo a big corporation to the area that they often approve subsidies without a lot of accountability and monitoring of the money.

“I am a strong believer in public-private partnerships,” Williams said. “Let’s make sure that when we make these mega-deals that the taxpayers win along with the private businesses.”

noozhawk

 

 

Governor Signs Williams’ Bill to Increase Transparency in Use of Economic Development Incentives

Gov. Jerry Brown signed AB 562, a bill that would require any local agency that oversees economic development activities to provide specified information to the public before approving any economic development subsidy.

Corporate welfare boom: SF’s business tax breaks jump to $14.2 million annually

http://www.sfbg.com/politics/2013/09/16/corporate-welfare-boom-sfs-business-tax-breaks-jump-142-million-annually

Business tax breaks instituted by San Francisco Mayor Ed Lee and other corporate-friendly local politicians to stimulate growth in tech, biotech, and cleantech, diverted roughly $14.2 million from city coffers in 2012, records show. That’s a staggering increase from 2011, when the city’s corporate welfare programs amounted to roughly $4.2 million.

 ilsr

 

 

Key Studies on Big-Box Retail & Independent Business

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Stacy Mitchell

In less than two decades, large retail chains have become the most powerful corporations in America. In this deft and revealing book, Stacy Mitchell illustrates how mega-retailers are fueling many of our most pressing problems, from the shrinking middle class to rising pollution and diminished civic engagement—and she shows how a growing number of communities and independent businesses are effectively fighting back.

Listen To Story

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Check This Out!

Searchable Database Of Corporate Subsidies in California

http://www.nytimes.com/interactive/2012/12/01/us/government-incentives.html#CA

The Real Cost Of Tax Breaks

Columbus city leaders have given millions in tax breaks to lure and keep big business in the city, but that means money is diverted from teachers and classrooms every year.

Impact of Big-Box Stores on Taxes and Public Costs

It’s easy to overlook the fact that big-box stores and shopping centers also create new costs
Download

Top Reasons to Buy Local, Eat Local, Go Local

By choosing local and independent businesses for your services, shopping, dining and other needs, you not only get real value and personal service, you’re helping:
read more

America Shops Local

America Shops Local, Support Shopping Local, Buy Local, Shop Local

Shop Local Businesses. It Matters.

Shop local. It matters. The team at Scott’s Marketplace spent a day asking shoppers why going local was so important. Hear their responses and learn how supporting local businesses can strengthen the economy and your community. Shoppers were also asked: “What if you could shop local businesses online?” Watch the video to reveal a great new way to do just that.

Free Lunch, Corp Welfare,
Bill Moyers and David Cay Johnston

End Corporate Welfare

 

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