Cronyism

Is RI-Innovates Corporate Cronyism in the Best Interests of Ocean State Families?

Part of the RI Innovates plan is designed to give away taxpayer-funded subsidies to many of the same industries targeted by a similar in the Empire State, called Start-Up NY.

After the implementation of a $53 million national advertising blitz country (including Rhode Island),Start-Up NY created on net only 76 new jobs. Alarmingly, this total doesn’t even reflect the program’s total investment, merely the costs incurred to advertise it.

Read more . . . 

Horvath, Joe (2016, April 20). Is RI-Innovates Corporate Cronyism in the Best Interests of Ocean State Families? Rhode Island  Center For Freedom and Prosperity. Retrieved from http://rifreedom.org/2016/04/alec-is-ri-innovates-corporate-cronyism-in-the-best-interests-of-ocean-state-families/


In Depth: Cronyism

Cronyism in tax policy stifles innovation, hinders competition and introduces a deep temptation for corruption. The 2014 ALEC Center for State Fiscal Reform study, The Unseen Costs of Tax Cronyism: Favoritism and Foregone Growth, found that in the most recent year in which states published their respective tax expenditure …

+ Cronyism In Depth