State lawmakers are once again rushing to embrace another program designed to benefit a few at the expense of the many. The new proposal is known colloquially as “Good Jobs for Michigan” but if history is any guide, it will produce few of note. It is a state “tax capture” program loosely modeled on the state’s failed multibillion dollar corporate welfare subsidy program known as subsidy program known as MEGA, and it could be passed as early as this summer.
The proposal effectively allows well-connected corporations and others to keep tax dollars for projects that would have otherwise accrued to the government. It should not be adopted into law. It is unfair, supported only by questionable economic analyses, doesn't work and is expensive, too. Michigan’s jobs bureaucrats should just quit while they are behind. A better development tool is a fair field and no favors — tax cuts for all and not just a few big business owners selected by state politicians.