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Articles on Tax breaks

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ExxonMobil has been granted nearly $580 million in tax abatements in Louisiana since 2000. Barry Lewis/Getty Images

Louisiana governor makes it easier for companies to receive lucrative tax breaks that take money away from cash-strapped schools

Louisiana’s governor made it easier for companies to receive property tax breaks – and schools will likely pay the price.
Exxon Mobil Corp.’s campus in East Baton Rouge Parish, left, received millions in tax abatements to the detriment of local schools, right.

How tax breaks strangle American schools − billions of dollars that could help students vanish from budgets, especially hurting districts that serve poor students

An estimated 95% of US cities provide economic development tax incentives to woo corporate investors, taking billions away from schools.
Exxon Mobil Corp.’s campus in East Baton Rouge Parish, left, received millions in tax abatements to the detriment of local schools, right. Barry Lewis/Getty Images, Tjean314/Wikimedia

Students lose out as cities and states give billions in property tax breaks to businesses − draining school budgets and especially hurting the poorest students

An estimated 95% of US cities provide economic development tax incentives to woo corporate investors, taking billions away from schools.
Nurses in November 2016 expressed support for a ballot proposition to limit what California state agencies pay for prescription drugs. AP/Nick Ut, file

Expanding direct democracy won’t make Americans feel better about politics

Citizens voting directly on policy seems like a good idea. But that led to the Brexit mess in the UK. In the US, two scholars say direct democracy deepens distrust of politics and government.
Amazon’s plan to build a new headquarters in Long Island City faced significant resistance. AP Photo/Bebeto Matthews

Amazon HQ2: Texas experience shows why New Yorkers were right to be skeptical

Amazon nixed plans to build a headquarters in Long Island City after some New Yorkers questioned the wisdom of offering billions in tax breaks in exchange for job promises. A Texas study suggests they had reason to worry.
It’s time to seriously rethink giving tax breaks for charitable donations, since ultimately taxpayers foot the bill for the deductions anyway. (Shutterstock)

Donating to charities shouldn’t result in tax breaks

Several countries — namely Austria, Finland, Ireland, Italy, Sweden and Switzerland — have removed tax benefits for charitable donations. Here’s why Canada should follow suit.
About 1 in 20 taxpayers may fill out this part of their returns beginning with the 2018 tax year. Sean Locke Photography/Shutterstock.com

Charity and taxes: 4 questions answered

The lost incentives to give are likely to make a bigger difference than the small uptick in economic growth expected from the new law.
Attendees chat during Dell Women’s Entrepreneur Network conference in 2014. Jack Plunkett/AP Images for Dell

How the US tax code bypasses women entrepreneurs

Republicans rewriting the tax system have a rare opportunity to fix a major problem: most women-owned companies can’t take advantage of key provisions designed to help small businesses like theirs.

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