The Unseen Costs of Tax Cronyism: Favoritism and Foregone Growth
By compiling data on tax cronyism from every state, citing numerous examples of tax cronyism and referencing the most relevant economic literature, the authors present a compelling case for policymakers to favor a tax code that keeps tax burdens low and treats firms and industries equally. The authors provide several strategies on how states can address the problem of tax cronyism; specifically discussing some successful examples from Michigan and Washington.