Amazon To Get $1.5 Billion Tax Break For NYC Headquarters, Taxpayers To Pay $48K Per Job
Amazon has been awarded some massive corporate welfare to build a headquarters in in a section of Queens in New York City.
New York state is giving the retail giant more than $1.5 billion in taxpayer-funded in tax breaks and grants, which comes out to $48,000 per job for 25,000 jobs, notes WNYW.
Democratic Gov. Andrew Cuomo of New York called the massive taxpayer giveaway “one of the largest, most competitive economic development investments in U.S. history.”
Democratic Elect-Rep. Alexandria Ocasio-Cortez of New York slammed the deal:
Amazon is a billion-dollar company. The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here.
— Alexandria Ocasio-Cortez (@Ocasio2018) November 13, 2018
New York City Council Speaker Corey Johnson spoke out against the corporate welfare:
Amazon is one of the richest companies in the world…I also don’t understand why a company as rich as Amazon would need nearly $2 billion in public money for its expansion plans at a time when New York desperately needs money for affordable housing, transportation, infrastructure and education.