Veto Proof? For Transparency in Corporate Welfare

A unanimous House votes for oversight bill vetoed last year

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Connecticut’s legislators acted Wednesday for the second time in two years to require independent oversight of the millions of dollars in grants, loans, tax credits and other economic incentives extended to business, often a political flashpoint as states compete to attract and keep jobs.

With support ranging from organized labor to a conservative think tank, the House of Representatives voted unanimously to approve and send to the Senate an updated version of a measure Gov. Dannel P. Malloy vetoed last year as “unnecessary and unwarranted.”

Malloy, a Democrat who has tried to attract and keep jobs with “First Five” and “First Five Plus” programs for major employers and other aid for small businesses, is supportive of the latest effort to bring greater transparency to what is praised as smart investments and derided as corporate welfare

 

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