from michiganpolicy.......
"Generally, tax credits are viewed as good for business; good for states and a good tool for attract and grow industry within a state. Historically, policy makers and politicians are the most vocal supporters of tax incentives and credits. However, a recent trend amongst local officials and public and private interest groups has been to limit tax incentives due to the fact that they are "corporate welfare" (Buss 2).
One of the largest problems with tax incentives is that many states offer them out of self defense and not out of economic viability (Buss2). Public officials have the most to gain from tax incentives. Tax Incentives can protect jobs from leaving one state to go to another, rescue failing firms and industries and attract new businesses. Tax Incentives are a win-win for public officials. If the incentive succeeds, they can tout their record of economic success"............READ MORE
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