7
votes
A tax break for Washington State data centers promised jobs. Now there are questions about whether the costs are worth it.
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- Title
- How a Washington Tax Break for Data Centers Snowballed Into One of the State's Biggest Corporate Giveaways
- Authors
- Lulu Ramadan, Sydney Brownstone, Karen Ducey
- Word count
- 3874 words
Moral of the story: If you're gonna give tax breaks to incentivize job creation, they should be paired with subsequent phased-in tax hikes 5/10/15 years later to insure that money gets recouped somehow.
Tax breaks are almost certainly less preferable to low-interest loans and/or grants instead.