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Tue December 4, 2012
What did we get for all those tax breaks to corporations?
A New York Times analysis casts doubt on the effectiveness of all those tax breaks Michigan cities have been giving to corporations in return for new jobs - or just to keep them from leaving town.
The story prominently features tax breaks given to General Motors, before the automaker filed for bankruptcy.
In the end, the money that towns across America gave General Motors did not matter.....
One township, Ypsilanti, Mich., is suing over the automaker’s departure. “You can’t just make these promises and throw them around like they’re spare change in the drawer,” said Doug Winters, the township’s attorney.