Posted on 02/06/2017 8:17:10 AM PST by bgill
The Texas Enterprise Fund and Texas Major Events Trust Fund have both been around since 2003. The Enterprise Fund has given out more than $600 million to companies bringing jobs and business to the state. The Major Events Trust Fund has paid out more than $275 million. As a grassroots activist, Sen. Konni Burton, R-Colleyville, railed against ‘corporate welfare.’ Now she wants to scrap the taxpayer funds used to lure business to Texas. “All we’re doing is taking more money from the taxpayer and giving it to private industry,” Sen. Burton said.
(Excerpt) Read more at kxan.com ...
Jerry Brown approves.
Did the person objecting to the program do the math on the program? Has it been a gain or a loss for Texas?
ETF/TEF- Rick Perry’s cash cow funds for pick a winner cronyism.
Growth is not always good.
“Growth is not always good.”
And while they’re at it, how about stopping the government from “subsidizing” (i.e. essentially using taxpayer funds) to build sports facilities for rich bastards who are never satisfied with what they are given, so the move elsewhere and start the public fleecing process all over again.
Because unemployment is so much better for Texas taxpayers.
If you want to end corporate welfare, you need a federal ban.
An individual state banning it, just puts themselves at a disadvantage.
GOP is the stupid party. But the rats are evil.
This is one which I would agree with him.
At least here in Florida, we use the tourists’ own money to lure more tourists. We have a ‘Bed Tax’ that is paid when they rent motel rooms, and that money is called the ‘Tourism Development Fund’.
Is it perfect? No,in fact the last ‘administrator’ here in our county committed suicide when it came to light he had been embezzling funds. But now that position has been eliminated in favor of letting the county tax collector, elected official, administer the funds..............
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Does Texas have Raiders too?
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Yes, another in a long list of why Trump shouldn’t name Goodhair Perry to any office.
You think states must give free money to have business relocate, rather than have the environment be enough on its own.
Jerry Brown approves because you think California will pick off these businesses with business giveaways.
Last I saw, California is losing businesses left and right to a myriad of other states. Last I saw, California was in fiscally bad straits.
What kind of conservative are you, Lisbon1940?
The Raiders looked at moving to San Antonio before Las Vegas.
Brown approves because there won’t be Texas politicians and advertising to lure away California businesses.
The State surely should not be giving taxpayer money to businesses to relocate. Better would be to pare down regulations and drop tax rates. Make the whole state inviting to all businesses.
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