China hub benefits focused on Saint Louis; $480 million tab goes to Missouri taxpayers

posted by
April 13, 2011
Show-Me Institute
by Christine Harbin  
Posted in Commentary

"Tax credit programs like the proposed China hub are a form of wealth redistribution: Only the favored few benefit, and everybody else bears the cost. Because the China hub project will be located in Saint Louis, Saint Louis residents will receive more of the benefits of the policy than Missourians that live elsewhere. Even though the majority of Missourians (64.8 percent) do not live in the Saint Louis region, they will still have to shoulder the costs of this program through their tax monies. It’s yet another example of concentrated benefits and diffused costs — an important concept that lawmakers too often overlook." (04/12/11)  

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