Why it’s not a good idea to concentrate on lowering state business taxes

From the Center on Budget and Policy Priorities, a progressive think tank, here are five reasons to do something other than what our Florida legislature is doing.

In every case, the rational mind with experience in the world knows that what the ideology-bound Republicans want is actually not especially good for business.

For instance, here’s reason No. 1:

States’ balanced-budget requirements mean that they will have to pay for this loss of tax revenue by raising taxes elsewhere or reducing services.  But if states have to cut way back in the number of teachers or cops on the beat or do without needed maintenance for roads and bridges, they’ll become less competitive.  Businesses aren’t attracted to states that lack services that they value, from good schools to well-maintained infrastructure

Check it out at the link in the first paragraph. Good arguments, one and all.


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