Hennessy's View

Here’s Why Tax Credits Kill Society

Tax credits reward particular businesses or developers with tax dollars from the general population. They concentrate wealth in a few hands. Tax credits are the way politicians play the market with someone else’s money. Worse, Republicans are addicted to tax credits.  A Missouri House Republican leader told a constituent that his party gives tax dollars to people who “spend it smarter.” Bill Clinton said the same thing in about 1992. Read more →