MEGA Show Trial?
The Michigan House and Senate plan to hold hearings this week on how a convicted embezzler on parole duped the Michigan Economic Development Corp. and Michigan Economic Growth Authority into offering his company — which was being run out of a Flint mobile home park — a $9.1 million tax credit. (This could have become a “refundable” credit, meaning the state would likely be writing checks to the embezzler.) The hearings may be little more than a smokescreen to cover “reforms” that are mere tokens, rather than a sincere effort to properly reveal the procedures responsible for this award. This is not cynicism but experience: We’ve been here before. In 2003, Mark Hornbeck of The Detroit News authored what was then the first broad retrospective of the MEGA program’s performance, called “Tax breaks shortchange state: $1.4 billion; business program gets minimal payback in jobs.” Most Lansing politicians had supported the program and were mortified by the bad public relations. Then as now, the
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