Letter to the Editor

December 21, 2015

Dear Editor:

At risk of dampening the boosterism generated by the multi-million dollar Regional Cities hoopla, we offer this counter proposal written by our adjunct scholar Fred McCarthy in 1989 and published in the fall 2011 issue of The Indiana Policy Review:

“The State of Indiana announces a new policy for business development. In the belief that businesses locate or expand more productively using long-term, genuine economic logic, we will no longer offer temporary tax incentives. Instead, we pledge the efforts of government to create and maintain the best business climate for you. Within the limits of fairness and justice, rules and regulations inhibiting such productive operations will be reduced or eliminated whenever possible. Grants, abatements, subsidies and other tax gimmicks that depress governmental revenues and increase other taxpayers’ bills will cease. On the other hand, be assured that tax dollars you may pay in the future will never directly finance your competitor. All private businesses will be treated in the same way.”

Craig Ladwig
The Indiana Policy Review Foundation


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