Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Lines Blur as Texas Gives Industries a Bonanza
http://www.nytimes.com/2012/12/03/us/winners-and-losers-in-texas.htmlLines Blur as Texas Gives Industries a Bonanza
By LOUISE STORY
DALLAS The Preston Hollow neighborhood has been home to many of Texas rich and powerful George and Laura Bush, Mark Cuban, T. Boone Pickens, Ross Perot. So it is hardly surprising that a recent political fund-raiser was held there on the back terrace of a 20,000-square-foot home overlooking lush gardens with life-size bronze statues of the hosts daughters.
The guest of honor was Gov. Rick Perry, but the man behind the event was not one of the enclaves boldface names. He was a tax consultant named G. Brint Ryan.
Mr. Ryans specialty is helping clients like ExxonMobil and Neiman Marcus secure state and local tax breaks and other business incentives. It is a good line of work in Texas.
Under Mr. Perry, Texas gives out more of the incentives than any other state, around $19 billion a year, an examination by The New York Times has found. Texas justifies its largess by pointing out that it is home to half of all the private sector jobs created over the last decade nationwide. As the invitation to the fund-raiser boasted: Texas leads the nation in job creation. ...
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 1541 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (3)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Lines Blur as Texas Gives Industries a Bonanza (Original Post)
jsr
Dec 2012
OP
DollarBillHines
(1,922 posts)1. Texas leads the nation in job-buying
30% of that money came from US taxpayers.
The remainder came out of the pockets of Texans in order to enrich a shitload of multinationals - with no promise of anything.
Corporate Welfare, big-time.
DBH
santamargarita
(3,170 posts)2. Well said, all smoke and mirrors