This is why we need to sunset all corporate tax exemptions after 5 years unless voted in favor of by a majority of the state's voters.

It all adds up, people. And it makes it unfair for the other capitalist competitors.

(by the way, Adam Smith's Wealth of Nations is 5 books, not 2 - read them ALL)

http://www.washingtonstatewire.com/home/…

Actually Washington Wire reported it first.

In response to Will, why don't we sunset all spending programs after 5 years, except basic education (constitutionally protected)? Why are tax exemptions always the target instead of the spending? That is the bigger problem, not necessarily tax exemptions.

@2 - because spending is variable and is under constant analysis, whereas exemptions don't get counted most of the time, even if they result in just as much tax impact.

Would you like me to teach you 2nd year econ theory about why business frequently DOES pay taxes, depending on the supply and demand curves?