HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Good Reads (Forum) » Lines Blur as Texas Gives...

Sun Dec 2, 2012, 11:59 PM

Lines Blur as Texas Gives Industries a Bonanza


Lines Blur as Texas Gives Industries a Bonanza

DALLAS — The Preston Hollow neighborhood has been home to many of Texas’ rich and powerful — George and Laura Bush, Mark Cuban, T. Boone Pickens, Ross Perot. So it is hardly surprising that a recent political fund-raiser was held there on the back terrace of a 20,000-square-foot home overlooking lush gardens with life-size bronze statues of the host’s daughters.

The guest of honor was Gov. Rick Perry, but the man behind the event was not one of the enclave’s boldface names. He was a tax consultant named G. Brint Ryan.

Mr. Ryan’s specialty is helping clients like ExxonMobil and Neiman Marcus secure state and local tax breaks and other business incentives. It is a good line of work in Texas.

Under Mr. Perry, Texas gives out more of the incentives than any other state, around $19 billion a year, an examination by The New York Times has found. Texas justifies its largess by pointing out that it is home to half of all the private sector jobs created over the last decade nationwide. As the invitation to the fund-raiser boasted: “Texas leads the nation in job creation.” ...

3 replies, 1089 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Lines Blur as Texas Gives Industries a Bonanza (Original post)
jsr Dec 2012 OP
DollarBillHines Dec 2012 #1
santamargarita Dec 2012 #2
Scuba Dec 2012 #3

Response to jsr (Original post)

Mon Dec 3, 2012, 12:05 AM

1. Texas leads the nation in job-buying

30% of that money came from US taxpayers.

The remainder came out of the pockets of Texans in order to enrich a shitload of multinationals - with no promise of anything.

Corporate Welfare, big-time.

Reply to this post

Back to top Alert abuse Link here Permalink

Response to DollarBillHines (Reply #1)

Mon Dec 3, 2012, 11:11 AM

2. Well said, all smoke and mirrors

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread