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Mon Dec 3, 2012, 08:01 AM

Lines Blur as Texas Gives Industries a Bonanza


A playground in the Manor school district in Texas. In the background is a plant owned by Samsung, which has been awarded more than $231 million in incentives.

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.”

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Reply Lines Blur as Texas Gives Industries a Bonanza (Original post)
xchrom Dec 2012 OP
aquart Dec 2012 #1

Response to xchrom (Original post)

Mon Dec 3, 2012, 12:39 PM

1. Then why does it need so much federal aid ripped from New York pockets?

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