Race-to-Bottom

State Corporate Tax Rates Decline 33% Over Three Decades - ALEC's Interstate Race-to-Bottom Costs States $43-57 Billion Annually in Lost Revenue

2019-01-01 00:00:00 +0000 UTC | Importance: 8/10

By 2019, research documented the cumulative impact of ALEC’s systematic corporate tax-cutting campaign: the effective state and local tax rate on corporate profits had declined from 5.9% in 1989 to 3.9% in 2019—a 33% reduction representing the successful culmination of three decades of …

American Legislative Exchange Council (ALEC) State Legislatures Corporate Lobby Good Jobs First Economic Policy Institute +1 more alec corporate-corruption tax-policy race-to-bottom fiscal-crisis +5 more

Amazon Launches HQ2 Bidding War—238 Cities Compete to Offer Billions in Subsidies

2017-09-07 00:00:00 +0000 UTC | Importance: 9/10

Amazon announced in September 2017 that it would build a second headquarters (HQ2) equal to its Seattle campus, sparking a bidding war among 238 North American cities desperate to win 50,000 promised jobs. Cities competed to offer the largest subsidy packages—with bids averaging $6.75 billion from …

Amazon Jeff Bezos corporate-welfare economic-extraction race-to-bottom surveillance-capitalism

ALEC Launches 'Rich States, Poor States' Report with Arthur Laffer - Annual Corporate Tax Competition Manifesto to Drive Interstate Race-to-Bottom

2007-01-01 00:00:00 +0000 UTC | Importance: 8/10

In 2007, the American Legislative Exchange Council (ALEC) launched its first annual ‘Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index’ report, co-authored by economist Arthur Laffer, Stephen Moore, and ALEC staff. The report ranked all 50 states based on 15 …

American Legislative Exchange Council (ALEC) Arthur Laffer Stephen Moore Jonathan Williams Koch Industries alec corporate-corruption tax-policy race-to-bottom propaganda +4 more