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Business Tax Breaks Draw Review From U.S. States Seeking Revenue

U.S. states are rethinking tax incentives meant to lure jobs and investment, a staple of economic development for decades, as officials confront budget shortfalls and question the perks’ effectiveness.

Louisiana, which faces a $1.6 billion deficit, may cut $526 million in subsidies, and a state study recommends scrapping or scaling back breaks such as a credit for fracking. Oklahoma is joining governments analyzing incentives to decide which to keep. Illinois Governor Bruce Rauner wants to stop job-creation grants for companies that fire workers.