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USA Today: “Business Incentives Lose Luster for States”

From USA Today:

Generous tax breaks given to companies that threaten to take their business elsewhere are coming under increasing scrutiny from state and local officials who say taxpayers aren’t getting their money’s worth.

Critics say the tax breaks and other financial incentives have gotten out of hand, costing taxpayers billions of dollars and doing little for the economy.

“There’s an entitlement mentality about tax breaks today,” Kansas City, Mo., Mayor Mark Funkhouser says. “Every developer thinks it’s his right not to pay property taxes.” Funkhouser was elected mayor in May after campaigning against tax breaks to developers, including one for a luxury condo development in an affluent part of his city.

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