Saturday, November 18, 2017

Rage Round-Up: Show-Me Guv Greitens Targeting Missouri Low Income Tax Credits



Quick aftermath and political fallout over developer subsidy cutbacks . . . Checkit:

STL: Greitens, appointees move to withhold controversial low income development tax credits

AP: 'No. More. Giveaways,' Missouri governor says about tax credits for low income housing

Biz Journal: Missouri governor moves to withhold low-income housing tax credits from 'failing program'

Turner Report: But here's what happened: for every dollar that went into the program, only about 42 to 55 cents actually went to building housing for poor people. That’s a bad deal any way you cut it.

Breitbart: ‘Sunk to New Lows’: Missouri Gov. Eric Greitens Accuses Media of Intimidating Conservatives

Alternative perspective from supporters of the tax credits . . .



You decide . . .

9 Comments:

Anonymous said...

I believe this is a double edged sword. On the one hand low income tax credits have been misused and on the other, there is a real need for low income housing. Decentivizing it will cause big construction companies to limit their investment in certain parts of town. I agree. Something needs to change.

Anonymous said...

Luxury Apartments is where the windfall profits are. Not the low income stuff.

Anonymous said...

it is a two sided thing. If you really want to make housing more 'affordable', work to lower the price of housing. How? Do away with the interest deduction for home mortgages. This would drive the cost of housing down since the deduction for higher prices isn't there. However, it would also drive more into the rental markets, perhaps increasing the demand for such? Oh, and get water/sewer rates lower or back to normal so rents wouldn't be near as high.

Anonymous said...

Who gives a shit?
Greitens is a fucking doll.

Anonymous said...

Want to live like a money earner? Get off your ass and earn some money! Problem Solved!

larryrothsblog.com said...

"No. More. Giveaways,' Missouri governor says about tax credits for low income housing."

How about no more giveaways for high cost housing as well?

And 10:44: +1

Anonymous said...

Grietens is a piece of shit.

Anonymous said...

Grietens pulled a con on the people of Missouri. He is a worthless little piece of shit. He is just more of the same. A grifter seeking wealth in politics. Fuck that Navy Seal bullshit. Grietens and his minions suck smedge.

Anonymous said...

^^^^ Just pissed because he might have to get a job and make his own living.