Distressed Over Tax Credits

By Kleinheider Posted on April 28, 2008 at 10:09 am

Stacey Campfield is wary of a tax credit of businesses in economic distressed neighborhoods contained in this year’s “technical corrections bill“:

While I generally support lowering taxes, this seems like it could be ripe for abuse. I wonder how “economically distressed” is defined. Why should some counties get an unfair advantage over other counties? This does not seem like a bill that benefits the entire state or has state wide applications. Shouldn’t the county set up the tax break if that is what their constituents want? It is like if the federal government said “We are giving tax credits if you start a small business in Georgia.” All well and good for Georgia but is that fair for Tennessee? Why is one employer more special than another? If they employ some one who needs a job no matter where they live don’t they deserve credit?

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Tags: economic distress, Reagan Farr, Stacey Campfield, Technical Corrections Bill  

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