Tax Credits: A Poor Strategy for Economic Development

Economy |
By Christine Harbin | Read Time 1 min

 

These programs defeat the purposes that supporters usually cite in their favor: encouraging employment and helping Missouri compete. In short, tax credits are a form of wealth redistribution — we all bear the cost, but only special interests and favored industries benefit.

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About the Author

Christine Harbin Christine Harbin, a native of Wisconsin, joined the Show-Me Institute as a research analyst in July 2009. She worked as a policy analyst at the Show-Me Institute until her departure in early 2011. She holds undergraduate degrees in economics, mathematics, and French from the University of WisconsinMadison, and an MBA with an emphasis in operations management from the University of WisconsinEau Claire. She interned with the National Economic Council at the White House in Washington, D.C., during spring 2007. Prior to joining the Show-Me Institute, she worked as an advance planning analyst for hospitals and health care systems.

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