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> But I don't see what other options are available for states to compete with each other if not through tax breaks. Federal ban on tax breaks for companies ove
by ceejayoz 6mo ago
> But I don't see what other options are available for states to compete with each other if not through tax breaks.
Federal ban on tax breaks for companies over a certain market cap?
Why can't they compete on "we have a good regulatory setup" or "we have good schools for your employees" or "we are a nice place to live"? Why compete on "we'll soak or own taxpayers more than the next state over so you can make even more obscene profits"?
- triceratops 6mo agoOr make state tax breaks taxable federal income. No need to interfere in any state law whatsoever.
- twoodfin 6mo agoHow would that not require a Constitutional amendment?
- ceejayoz 6mo agoOh no, legislators might have to do some work? We apply interstate commerce extremely broadly to all sorts of things (example: https://en.wikipedia.org/wiki/Gonzales_v._Raich https://en.wikipedia.org/wiki/Gonzales_v._Raich; six marijuana plants in a basement for personal consumption = interstate commerce!). Why not here? > The government also contended that consuming one's locally grown cannabis for medical purposes affects the interstate market of cannabis and the federal government may thus regulate and prohibit such consumption. I contend that cushy state/local tax breaks for datacenters affects the interstate market of datacenters and the federal government may thus regulate and prohibit such consumption.
- twoodfin 6mo agoState and local tax law is not “interstate commerce”, it’s state and local tax law. The SCOTUS ruling overturning Federal intrusion into state tax law would be 9-0.
- ceejayoz 6mo ago> State and local tax law is not “interstate commerce”, it’s state and local tax law. And yet, growing six marijuana plants for personal use in California (never leaving the house!) was "interstate commerce". Read the link! If that's interstate commerce, a California company building facilities in Louisiana seems like a slam dunk.