StateBudgetDeficits

Federal tax giveaways to industries have received much criticism, but the relocation incentives offered by states may be the most counterproductive of all corporate subsidies.

Balancing the budget isn't just a federal problem -- it's a state one, too. The Great Recession resulted in some of the lowest state revenues in years, and some of the biggest budget shortfalls ever -- in some cases, into the billions of dollars.