Legislators recently loosened restrictions on North Carolina's targeted tax incentive program allowing companies to claim as much as for every job created in connection with a Job Development Investment Grant That's a percent increase from the old cap of per job The change passed without much opposition in the General Assembly But Jon Sanders John Locke Foundation director of regulatory studies explains why an increased reliance on targeted tax incentives means bad news for state taxpayers Progressives argue that their policies are designed to help disadvantaged groups including minorities and the poor But Michael Jacobs professor at UNC-Chapel Hill's Kenan-Flagler
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