Thursday, March 26, 2009

Crawford: 'We gave tax cuts; where are the jobs?'

Posted By on Thu, Mar 26, 2009 at 3:00 PM

Veteran Gold Dome report Tom Crawford hits the nail on the head:

When the billion-dollar tax break for corporations was being debated in the Senate in 2005, Casey Cagle, then a senator from Gainesville, averred, "It's pro-jobs legislation. It will ensure we have jobs for the future."

"It's about jobs, jobs and jobs," said Rep. Ron Stephens, R-Savannah.

Funny thing. All the new jobs that were supposedly going to be created from this gusher of business tax breaks don't seem to have materialized.

We have continued to suffer higher than average unemployment since 2005, culminating last month when the jobless rate hit the highest level ever in Georgia at 9.3 percent. How could that be happening if all of those business tax cuts were creating so many jobs?

Don't get me wrong. For the entities who get them, tax cuts are a wonderful thing. I'd love to get a business tax break myself, but I can't afford to hire lobbyists to demand one from the legislature.

Let's be honest, however, about what these tax cuts are: a financial gift to whoever happens to receive them. Business tax breaks are not going to create jobs and it's time that legislators quit using that as an excuse for passing them.

Worth a read.

(H/T to Andre at Peach Pundit)

Tags: , , , , ,

Comments (5)

Showing 1-5 of 5

Add a comment

 
Subscribe to this thread:
Showing 1-5 of 5

Add a comment

Readers also liked…

Latest in Fresh Loaf

More by Thomas Wheatley

Restaurant Review: Bread & Butterfly
Restaurant Review: Bread & Butterfly

Search Events

Search Fresh Loaf

Recent Comments

© 2016 Creative Loafing Atlanta
Powered by Foundation