Delaware Liberal

John Carney’s Economic Vision for Delaware – Giving money and regulatory breaks to wealthy companies and taking money away from…state workers?

I don’t think I’m reading between the lines to say that Carney’s plan is more of the same giveaways (both monetary and regulatory) to large corporations:

John understands that the role of government in promoting a strong economy is to create an environment where businesses can thrive and invest in Delaware. That means moving faster than any other state when it comes to helping locate or grow a business that will create good jobs. It includes a regulatory environment that is fair, thoughtful and timely. Delaware’s current regulatory structure rests on a 40-year-old patchwork of inconsistent and often inefficient mechanisms to resolve regulatory matters. John wants to modernize this antiquated framework by streamlining redundant and inefficient processes and utilizing technology to increase efficiency and transparency. He knows how. In Congress, John fought hard to successfully change a regulatory burden under the Affordable Care Act that threatened to shift 500 Delaware jobs overseas.

Where does all of this financial largess coming from?

This is pretty squishy, and there is a lot of “state workers are going to take it in the ass” language – but he pretends to allow that rich folks might actually have to take part in the genius and innovative economic development scheme know as throwing tax break after tax break at large companies:

John believes it is time for a “reset” that takes a hard look at spending and revenue. If Delaware state government is going to continue to offer the services it provides to a growing population, and expand in areas where it’s weak, it will need to be more efficient and better able to eliminate unnecessary spending. A sustained focus on efficiency needs to be a permanent fixture of state government and embraced at the highest levels of all three branches of government. And, if we need to raise more revenue, we need an approach that promotes a growing economy, that’s fair to all taxpayers, and that minimizes the burdens on those least able to pay..

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