In 2013, for example, the state of Washington approved a record $8.7 billion handout to Boeing in order “to maintain and grow its workforce within the state." What did Boeing do? In the following years, it laid off more than 12,000 workers in the state.
State and local tax breaks for corporations are estimated to cost local schools almost $2 billion a year in lost tax revenue.
It’s argued they create jobs, yet nationwide, not a single new job is created. At most, the jobs are merely moved from state to state.