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Pete Sepp: It's Not Economic Development, It's Corporate Welfare

April 24, 2013

Local officials in thousands of communities around the country love to do "economic development"  that doles out tax breaks, taxpayer-backed loans and other "incentives" to attract specific businesses. Pete Sepp of the National Taxpayers Union says it's really corporate welfare that sends the message, "Don't come here unless you're willing to invest a lot of lobbying clout. Perhaps even some campaign contributions to elected officials in the future would help."