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Baitball Blogger

(46,727 posts)
Sun Dec 30, 2012, 10:48 AM Dec 2012

Nothing like writing your own tax laws.

The legislator, Precourt, should really be removed. He's so pro-business that he's done more to weaken government protections, making Florida suck for its residents.


Video-game company helps write Florida tax laws, saves millions

snip

Electronic Arts says Florida as a whole has benefited from the incentives. It says the incentives have nurtured the growth of the entire video-game industry, which EA said now employs more than 6,000 people statewide at an annual average wage of $80,000.

snip

Others accuse EA of squeezing profits out of taxpayers by playing states against one another in the name of "economic development." Twenty-three states and Puerto Rico now offer incentives to video-game companies, according to the Entertainment Software Association, an industry trade group.

These critics also call the changes wrought by Electronic Arts in Florida law a vivid illustration of how some large companies, empowered by a Republican-controlled Legislature philosophically inclined to support all manner of tax cuts, have been able to bend the state's tax code in their favor.

"All we know for certain is that such incentives work to put more money in the company's treasury and take it away from tax revenues spent for broader public good, like education and health care," said Alan Stonecipher, an analyst with the Tallahassee-based Florida Center for Fiscal and Economic Policy, which advocates for low- and middle-income taxpayers. "The money is not creating any new jobs, but fatter corporate coffers."

http://www.orlandosentinel.com/business/os-electronic-arts-tax-breaks-20121230,0,3291852.story

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