Economic development projects provide concern
Sen. Hob Bryan, D-Amory, questioned the wisdom of providing the litany of tax breaks, including the state returning 3.5 percent of the payroll taxes paid by the new manufacturers’ employees to the company for 25 years.
Bryan estimated the tax incentives and bonds provided for German tire manufacturer Continental would total more than half of $1 billion. Soon, he said, the Legislature would have provided so many tax breaks that there would not be enough money to take care of essential services…
…While Bryan ultimately voted for the incentives package, freshman Rep. Joel Bomgar, R-Madison, did not, questioning the wisdom of the companies receiving benefits that other Mississippi companies did not.
Daily Journal
2/7/16
Magnolia Tribune
