RE: Ark Sunk
December 11, 2014 at 10:48 pm
(This post was last modified: December 11, 2014 at 10:50 pm by Ryantology.)
(December 11, 2014 at 9:11 pm)Heywood Wrote: From what I understand the tax credits are in the form of a rebate. For instance suppose the ark park remits 1 million dollars in sales tax to the state, the state rebates back to the park $250,000 or some scheme like that. This isn't a case of the state handing out money to get the thing built. This is a case of the state effectively lowering its tax rate for this park so that the business plan becomes more tenable in the hope that it gets built. If this thing doesn't get built because the state decided not to issue these credits....the action actually costs the state sales tax revenue. Since sales tax revenue is your money(that seems to be your implied claim).....now you might end up with less of it.
I don't really care if it's a rebate or a subsidy. Kentucky is full of impoverished people. Give them the rebates, or use what would be the rebate to go towards education or food and housing assistance subsidies. If the people who want this display of deep-seated religious insecurity constructed really want it, every penny should come entirely out of their own pockets, with no rebates or incentives of any kind from the government. After all, most of the people who have a vested interest in this are surely the same sort of people who think that the poor literally steal food stamps directly out of their bank accounts.