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Corporate welfare cost Maine taxpayers $42.5 million in 2017

JUNE 21, 2018 | by Liam Sigaud | MAINEWIRE

 “Economists have long criticized politicians’ penchant for creating narrow legal carveouts and targeted tax exemptions to lure large corporations. Both economic theory and empirical evidence indicate that these incentives are ineffective ways of spurring economic development. … However, thanks to a crucial rule change and a new database by Good Jobs First, we now have a glimpse into the financial effects of these cronyist policies.” 

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