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Quick Hit
by Ellyn Fortino
7:31pm
Tue Feb 10, 2015

Corporate Subsidies Contributing To Economic Inequality, Study Shows

State and local economic development subsidies awarded to large corporations are exacerbating inequality in America, argues a recent report by Good Jobs First.

Such subsidies are intended to spur economic development and job creation. But, as the report points out, they tend to be given to low-wage employers as well as billionaire-owned "profitable, growing companies that do not need tax breaks to finance a project, meaning that the subsidies serve mainly to increase profits."

"Inequality has many causes, and now we can say development subsidies are among them," said Greg LeRoy, executive director of Good Jobs First, a Washington, D.C.-based subsidy watchdog group. "Subsidies are being awarded to large, profitable companies controlled by billionaires such as Warren Buffet's Berkshire Hathaway, while we have too many communities that really need the help."

PI Original
by Ashlee Rezin
1:11pm
Wed May 8, 2013

Online Retailers May Soon Lose 'Unfair Advantage' As Marketplace Fairness Act Heads To House, Proponents Say

The U.S. Senate voted to approve the Marketplace Fairness Act, a bill that would require online retailers to comply with sales tax laws of states where they sell and ship goods. According to proponents of the measure, Internet shoppers are one step closer to losing the “unfair advantage” over consumers who choose to support local merchants. Progress Illinois takes a closer look at the bill and what it could mean for the Prairie State.