• Nick Bates

News & Notes, November 18, 2013

Screen Shot 2013-07-23 at 9.22.50 AM

News: After the Shutdown, Akron Beacon Journal Notes: State and local governments continue to provide tax credits, incentives, and other financial perks for large businesses that set up shop in their community. However, with the recent Lockheed Martin decision to close their plant in Akron, we see a few realities of modern economics emerge. First, Government investment matters. Lockheed Martin contracts with the defense department, and as a result of austerity, they need to reduce their labor force. Likewise, when Ohio invests in healthcare, social services, education or infrastructure, Ohio creates jobs as a direct result. Second, companies will not hire or fire people based on the availability of tax credits, but will hire and fire based on consumer demand.


0 views0 comments

Recent Posts

See All

I love data. I love numbers. I love debates about the LGF, PLF, TPP, and revenue sharing. I love local share debates around school funding formulas and of course Medicaid group 8. Sadly, nobody else s

The New York Times reported recently that President Donald Trump paid only $750 in federal income taxes in 2016 and in 2017. How is this possible for a person who is allegedly making a lot of money? S