Economic development, or blackmail?

The New York Times is running a terrific series on tax breaks and other subsidies given by governments, especially local and state governments, to corporations that promise jobs and revenue, despite the patent failure of such subsidies to improve the economic situation of communities. This first part of the series features GM, among other companies, and its successful demand for local tax subsidies during every year of its existence.

Series: “The United States of Subsidies” Read: As Companies Seek Tax Deals, Governments Pay High Price – NYTimes.com.