Texas Rethinks Crony Capitalism. Will Arkansas?

Interestingly enough, Texas has at least begun discussing ending crony capitalism in recent weeks by abolishing the Texas Enterprise Fund (the Texas version of the Quick Action Closing Fund, an Arkansas Program that bureaucrats use to throw taxpayer money at private businesses).

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Report: Arkansas Terrible On Transparency

According to an American Legislative Exchange Council (ALEC) study on tax cronyism released today, Arkansas is one of the worst states in the nation when it comes to reporting exactly what special breaks the state’s tax code gives to favored industries.

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The InvestArk Tax Credit: A Terrible Investment That Arkansas Made For You

Primarily, when people think of state-funded economic development programs, they usually assume those funds go towards “creating jobs,” but this recently-released report shows that just isn’t the case in Arkansas for the Consolidated Incentive Act (CIA) of 2003.

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