Special tax incentives: The numbers just don’t work
Speaking before the Rotary Club of Jackson recently, Gov. Bryant addressed the issue of special tax incentives to lure big manufacturers to Mississippi.
“Recently I’ve been reading that some people believe that tax cuts are not a good thing. Oh, they say it’s that corporate welfare. If you give too many tax cuts, you won’t have enough money in the general fund.
“Let me tell you, that is just seeding the field. If you don’t put down seed and you don’t go buy seed and invest, that garden is not going to grow. Government has been incentivizing companies with tax credits since (Mississippi) Gov. Brewer (1912 -1916) has been around. Now all of a sudden there is this idea that we ought to stop doing that. Do you think Texas is going to stop doing that? Or (governor) Bentley in Alabama is going to stop doing that? And (governor) Jerry Brown in California is going to stop doing that?