tax incentives

Finally some local governments are rescinding corporate tax breaks on broken job promises

Finally some Cities and Counties are getting wise on giving away millions in tax breaks to corporations on the promise of jobs for the area that never materialize.

From the Associated Press:

As the recession drags on, municipalities struggling to fix roads, fund schools and pay bills increasingly are rescinding tax abatements to companies that don't hire enough workers, lay them off or close up shop. At the same time, they're sharpening new incentive deals, leaving no doubt what is expected of companies and what will happen if they don't deliver.

Congressional Hearing, May 22, Thursday, 10am, EST - Must watch! Outsourcing

A hearing that will probably have a lot of good information about globalization and US jobs is happening this Thursday. There usually is a webcast to watch these, so I want to give ya all a heads up about it. I will also write about it after the hearing is over. Details:

Hearing to Examine How to Encourage U.S. Corporations to Invest at Home, Not Abroad

Title: American Decline or Renewal?-Globalizing Jobs and Technology

Committee: House Science and Technology Committee, Subcommittee on Investigations and Oversight

When: Thursday, May 22nd, 10 A.M. to 1 P.M.

Where: Rayburn House Office Building, Room 2318

*Please see the Committee announcement (attached) for more information.