State Governments Promised Private Companies More than $10 Billion in Subsidies Last Year
The statistic, compiled by watchdog group Good Jobs First, only takes into account "megadeals" involving at least $50 million in subsidies.
Subsidies
G.M. To Lay Off 1,300 Michigan Workers Despite $824 Million in State Incentives
The bulk of the employees may be able to find work elsewhere within the company, but the state could still be on the hook for the promised cash.
Georgia Taxpayers Lose $160,000 for Every Job Created by Film Tax Credits
The program generates just 19 cents for every dollar spent.
Tesla's Expensive New Cybertruck May Qualify for $7,500 in E.V. Tax Credits
According to a Treasury Department website, two of the three Cybertruck models currently offered would qualify for tax credits.
North Carolina's Bad Billion-Dollar Bet on a Struggling E.V. Company
Vietnamese electric vehicle manufacturer VinFast has lost $5.8 billion in three years, during which time the state of North Carolina pledged $1.2 billion in state incentives.
Everglades Restoration Complicated by Florida Agricultural Interests
Tariffs and sugar subsidies have propped up overvalued land needed to fix the environmental damage.
Gas Tax Revenues Decline as Cars Get More Efficient. How Will Government Pay for Roads?
Lawmakers should consider a user-fee system designed to charge drivers by the mile.
Nikki Haley Opposed Boeing Subsidies at Tonight's GOP Debate. As Governor, She Gave Boeing Millions.
The former South Carolina governor can't decide whether she likes corporate subsidies or opposes them on principle.
Exclusive: Rand Paul Wants To Kill Electric Car Subsidies and Mandatory A.M. Radio
The senator has introduced an amendment to the AM For Every Vehicle Act, sponsored by Sens. Ed Markey and Ted Cruz.
Ford E.V. Battery Plant in Michigan Named Worst Economic Development Deal of 2023
For the third time in five years, the Center for Economic Accountability found an electric vehicle or battery plant to be the most egregious waste of taxpayer funds.
Why Is Halloween Candy So Expensive? Sugar Protectionism.
A new report from the GAO highlights how America's system of sugar subsidies and tariffs costs consumers about $3.5 billion every year.
Democrats Say They're Fighting Inequality. But Many of Their Policies Favor the Rich.
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.
Taxpayers Bankroll Electric Vehicles Even as Fewer People Buy Them
Ford and General Motors have tempered plans for E.V. production, but governments still spend billions of dollars in incentives.
Joe Biden's Plan for 31 Subsidized 'Tech Hubs' Is an Old, Tired Idea That's Doomed To Fail
Presidential administrations from both parties keep trying to make "place-based" economic development work.
Wisconsin Politicians Want To Spend $550 Million on Ballpark Subsidies the Public Opposes
Just 24 percent of self-identified Trump voters and 34 percent of self-identified Biden voters say they support a public handout for the Milwaukee Brewers' 22-year-old stadium.
The Real Scandal in Washington Is the Government's Reckless Spending
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
Companies Seeking CHIPS Act Subsidies Are Encouraged To Double-Dip
At least a dozen states have beefed up targeted incentives to coincide with handouts from the Commerce Department.
Kansas City Made a Barbie-Themed Streetcar. It Cost Taxpayers $25,000.
Officials say that the "Dream Streetcar" is intended to boost ridership, even though the streetcar is free.
Taxpayers Will Pay at Least $600 Million for Tampa Bay's New Baseball Stadium
But will it solve the team's attendance woes? Probably not.
'Bidenomics' Is Failing Everyday Americans
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
Politicians Say They Want To Fight Climate Change. So Why Are They Fighting China on Electric Vehicles?
Rather than posing a national security threat, the growth of China's E.V. industry is an opportunity for global innovation.
Subsidies Won't Stop Stagnation
Joe Biden is making an $80 billion bet that's doomed to fail.
Nikki Haley Slams Biden's 'Green Subsidies'
The GOP presidential candidate also definitively said climate change is real.
China's E.V. Graveyards Are an Indictment of Government Policy
A Bloomberg report blames "unconstrained capitalism" for a glut of abandoned electric vehicles. But the industry also received billions of dollars in public funds.
The Government Has Made College an Overpriced Scam
Thankfully, you don't need fancy dining halls or a college degree to have a good life or get a good job.
Baltimore Orioles Owners Demand Even More Unnecessary Taxpayer Money
Apparently $600 million to improve a very nice stadium isn’t enough.
Yellow Corporation To Close, Lay Off 30,000 Employees, and Likely Default on $700 Million Pandemic Aid Loan
The company blames much of its problems on the Teamsters trucking union's "intransigence," while the Teamsters say Yellow is delinquent on benefit payments.
Industrial Policy Isn't About Creating Jobs
It's a short-sighted approach that distracts us from the more important question.
Taiwanese Company Demands U.S. Taxpayers Cover the Higher Costs of Making Semiconductors in Arizona
Taiwan Semiconductor Manufacturing Company cites regulatory costs and a lack of skilled workers as specific impediments. Biden and Congress can fix those without giving out billions of taxpayer dollars.
Giving Away Taxpayer Money Is Not the Best Way To Attract Investment
State and countries should make their business climates more attractive to investment, not just dole out taxpayer money.
'Bidenomics' Is Nothing New
It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
Buy Your Own Damn E-Bike
The popularity of e-bike subsidies doesn't mean these programs are creating more e-bike riders.
Ohio E.V. Manufacturer Fails Despite Millions in Taxpayer Subsidies
Lordstown Motors received $24.5 million to operate an Ohio factory. G.M., the factory's previous owner, received $60 million before shuttering it.
The Oakland Athletics Just Showed Why They Don't Need Taxpayers To Buy Their New Stadium
But it didn't matter, as Nevada lawmakers approved a $600 million handout to the team.
The Rail Safety Act Is About Union Handouts, Not Safety
The legislation—which was introduced in response to the derailment in East Palestine, Ohio—pushes pet projects and would worsen the status quo.
Movie Industry Says Georgia's Film Tax Credits Are Great. State Auditors Say They're a Waste of Money.
Contradicting a new report funded by entertainment industry advocates, state auditors have cast significant doubts on the tax credit program's actual effectiveness.
U.K. Think Tank Warns Government Not To Get Into E.V. 'Subsidy Race'
Rather, Downing Street should prioritize "stability in government policy," cautions Policy Exchange's Geoffrey Owen.
Michigan Has Given the E.V. Industry $1.4 Billion and Counting
Carmakers don't need a crony-capitalist slush fund.
Voters Put Arizona Coyotes' Arena Project on Ice
A good example of why so few stadium deals end up on the ballot.
Biden's Industrial Policy Promises a Return to the 1970s
The hard lesson that free markets are better than state control may have to be relearned.
States Spend Billions on Economic Development Deals With Little Return
In a new report, the Center for Economic Accountability analyzed economic development data from all 50 states and the District of Columbia, and there's very little to show for billions in annual spending.
Rivian Continues To Hemorrhage Money Despite $1.5 Billion in State Incentives
According to a new Bloomberg report, Rivian has lost 93 percent of its market value since November 2021. The state of Georgia is still on the hook for as much as $1.5 billion in state incentives.
Stadium Subsidy Stupidity Hits New Record
Taxpayers are on the hook for $1.26 billion for a new stadium in Nashville.
The Push To Eliminate Fossil Fuels Is Hurting Poor People
"When we look at solar and wind around the world, it always correlates to rising prices and declining reliability."
Ax Government Funding for NPR
NPR is no Xinhua, but Elon Musk is correct that it doesn't need government subsidies.
Georgia Is Shoveling Cash Into a Failing Electric Vehicle Company
In 2021, the state of Georgia made an expensive bet on an unproven company that could be headed for financial catastrophe.
Minnesota Taxpayers Could Be Pillaged for $280 Million in Vikings' Stadium Upgrades
Taxpayers spent about $500 million to build U.S Bank stadium, which is just seven years old.
