CORPORATE WELFARE
New Study Shows Low Income Housing Tax Credit Program Fails at Delivering Affordable Housing in Arizona
Today the Arizona Free Enterprise Club released a new study evaluating the cost of Low-Income Housing Tax Credits (LIHTC) in Arizona and Washington and how LIHTC have performed compared to other government backed housing affordability programs. The review determined...
AG Brnovich Tackling Corporate Welfare at ASU
For months now, the AZ Attorney General Mark Brnovich and the Arizona Board of Regents (ABOR, the governing body for Arizona State University) have been in embroiled in a hot legal battle over taxpayer subsidies for wealthy developers. At the center of the legal...
New Mexico’s Film Tax Subsidy Program Continues to Take on Water
Lawmakers in New Mexico are in a self-imposed quandary. They’ve adopted a lucrative tax credit program for the film industry they simply can’t afford yet can’t walk away from. The Enchantment State dolls out 25-30 percent rebates for production related expenses up to...
Affordable Housing Tax Credits are a Poor Program to Help the Poor
Every legislative session, lawmakers are duped by rosy tax credit programs, sold as either robust jobs programs or silver bullets to our social woes. This year HB2365, sponsored by Representative Ben Toma, is being sold as both. The Low-Income Housing Tax Credit...