Sign up for email alerts, from breaking news to weekly commentary:
Louisiana : Corporate Tax Exemptions
Jim Hightower asking: Have you been billed for your property taxes this year? Yeah. Me too. Up again. So why not just ask for an exemption from these pesky taxes? Yeah, let your neighbors pay your share of school costs and street repairs. Think that'd work? Well, it works for major corporations -- they don't even have to ask. Politicians crawl over each other offering corporations special tax breaks. "It creates jobs," they say. Now, hold it right there. Ask the Louisiana Coalition for Tax Justice about that. This citizens group found $2.5 BILLION in special exemptions Louisiana gave companies in the 1980s. Think about that: $2.5 Billion that companies should've paid . . . but didn't pay. Who got these special breaks? Half went to nine huge corporations that can easily afford to pay their fair share of taxes -- names like Shell Oil, Dow Chemical and Mobil Corporation. So, what about those jobs that were promised? Almost 2 Billion of the giveaway went to companies that created NO new jobs. Zero. Zip. Nada. For example, Exxon got $75 million . . . and gave back NOT ONE SINGLE job. Adding injury to insult, 87% of these subsidies went to utilities, chemical plants, oil refineries and paper mills that are dumping toxic pollutants into the state's air and water. So taxpayers are subsidizing their own poisoning. Get a pencil . . . I'll give you a TOLL-FREE phone number so you can get in direct touch with the Louisiana coalition. This is Jim Hightower asking: Want to check this out in your state? Call the Coalition, they can help you document ignorance-in-action right in our own back yard. Call 'em at"800) 259-5285. The truth might not set you free, but it can get you moving.
Louisiana's Coalition for Tax Justice 41 Bluebonnet Blvd., Suite C, Baton Rouge, LA 70810 PH"800) 259-5285