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NY Politician: We Need to Block $3 Billion Handout for Amazon & Use Money to Forgive Student Debt

(DEMOCRACYNOW) Interview, 12-7-18 â€” After a months-long PR campaign, Amazon has officially announced it will split its so-called second headquarters between New York and Arlington, Virginia, outside Washington, D.C., after being offered more than $3 billion in tax breaks and other incentives. The news prompted protests at the site of Amazon’s future office complex in Long Island City, New York, to condemn the city and state governments for showering Amazon with massive tax breaks and other giveaways to entice the company to expand into the city. As part of the deal, New York taxpayers will even build a helipad for Amazon CEO Jeff Bezos, who is the richest man in the world. Many local politicians have openly criticized authorities in New York and Virginia for backing the deals, which will create a total of 50,000 jobs. We speak with New York Assemblymember Ron Kim, who is introducing legislation to block the deal and redirect taxpayer money away from Amazon subsidies and toward student debt relief. He recently co-wrote an opinion piece for The New York Times headlined “New York Should Say No to Amazon.”

Transcript
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JUAN GONZÁLEZ: We begin today’s show looking at Amazon and corporate welfare. Protesters are heading to the site of Amazon’s future office complex in Long Island City, New York, today to condemn the city and state governments for showering Amazon with massive tax breaks and other giveaways in order to entice the company to expand into the city. On Tuesday, Amazon officially announced it would split its so-called second headquarters between New York and Arlington, Virginia, just across the river from Washington, D.C., after being offered more than $3 billion in tax breaks and other incentives. As part of the deal, New York taxpayers will even build a helipad for Amazon CEO Jeff Bezos, who is the richest man in the world. Amazon recently became the world’s second U.S. company to be valued at over $1 trillion, thanks in part to the fact that the company paid no federal taxes in 2017. Amazon also built its company in part by not collecting local sales taxes on goods sold online.

Source: https://www.democracynow.org/2018/11/14/ny_politician_we_need_to_block