Mackinac Center Stands Behind Interstate Compact – Mackinac Center
150% A bill package introduced this week could provide a path towards eliminating taxpayer handouts to out of state companies. Senate Bills 523 and 524, sponsored by Senators Aric Nesbitt and Jim Ananich, and House Bill 4971 and 4972, sponsored by Representatives Steven Johnson and Yousef Rabhi, would create an interstate compact between Michigan and other Midwest states. In an attempt to draw companies into their states, most states offer economic incentives in the form of taxpayer funded subsidies. Lawmakers often justify new subsidy programs and spending by pointing out that other states o...
Source: mackinac.org