Signs of the Times - and a question

[whell]

Originally Posted by ebacon

Republican and Democrat stereotypes aside, it is still bad practice for a city to lower their community standards in order to attract business. The unavoidable problem is that once someone does it then others have to do it to compete. That's when the dominoes start to fall.

At least here in MI the practice has been "managed" to a great extent. A community must petition the state legislature to creat the zone, and if approved, favorable tax treatment is bestowed by local and state government. A zone is only created if it is deemed in the best intetest of many stakeholders, public and private. In this manner, the issue you've cited is not avoided, but reduced or controlled.

However, I'm still wondering why an "across the board" reduction in taxes - yes, for business and capital gains taxes - would or would not have a similar positive impact.