hydraulic fracturing

Tax on fracking to be used for corporate incentives?

Two wrongs don't make a right, they combine to produce a fiasco:

The administration of Gov. Pat McCrory is pushing a proposed tax on fracking as a substantial piece of its economic recovery strategy, with key Republicans saying it would raise millions for financial incentives to recruit companies or help them expand in North Carolina. Decker told the group she wants a similar piggy bank here and that “energy partners” are ready to “provide us with the money” in a climate where increasing traditional funding streams for incentives, such as income and corporate taxes, isn’t likely. She said the money would be used to lure major projects to the state.

It will be interesting to see how John Hood and his followers try to spin this one. And it will be a minefield, as there are numerous JLF/Civitas articles railing against targeted taxes and incentives. Should be fun. Speaking of having fun, read this and see if you don't bark a laugh:

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