Monday, August 04, 2008
New York Lawsuit Challenges Corporate Welfare: Case Filed Today Seeks End To $1 Billion A Year In Business Subsidies
COLUMBUS (TDB) -- Forty six plaintiffs sued New York's governor and other state officials today in a move that challenges state economic development grants, loans and other financial assistance packages to private businesses. Some information about the lawsuit is here. The plaintiffs contend taxpayer money is being channelled into healthy corporations. Most states have similar economic development programs and efforts, including Ohio. They seldom come under legal attack. But the New York group is portraying its case as "the Mother of all lawsuits."