|
|
Article: Alabama Governor Pushes Tax Increase to Attract Businesses, Boeing 7E7.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 11, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By David Postman, The Seattle Times Knight Ridder/Tribune Business News
Aug. 11--HUNTSVILLE, Ala.--Gov. Bob Riley has an economic-development plan with a twist. He wants to attract business with the largest tax increase in state history.
"It's a very pro-business tax proposal," he said of his $1.2 billion plan. That's twice as much as needed to balance the current budget.
He says businesses won't move here unless Alabama can climb out of its traditional spot scraping the bottom of national education rankings.
The plan has set off a battle between the bastions of Alabama's old economy -- farming and timber -- and those who buy ...