New York Governor Andrew Cuomo downplayed the $1.5 billion in tax credits and $1.2 billion in tax breaks given to Amazon in return for the company basing its new headquarters in New York City, claiming it, “Cost us nothing.”
“This is a big money-maker for us — costs us nothing, nada, niente,” claimed Cuomo during a press conference. “We make money doing this.”
Despite attempting to downplay the deal, Amazon is reportedly receiving “$2.5 billion in taxpayer subsidies,” including “$1.525 billion in tax credits and construction grants,” and “$1.28 billion in tax breaks.”
Amazon chose to split its new headquarters between New York City and Arlington, Virginia, this week, after receiving hundreds of offers and incentives from cities and counties in North America which sought to entice Amazon into building its new headquarters in the area.
The decision has been criticized by figures across the political spectrum, from Rep. Alexandria Ocasio-Cortez (D-NY) to Fox News host Tucker Carlson.
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
“Hate to admit it, but Alexandria Ocasio-Cortez has a very good point,” declared Carlson. “That’s the only time I’ve ever agreed with Alexandria Ocasio-Cortez… But it’s hard to argue with the internal logic. The richest man in the world just got $2 billion in taxpayer subsidies. How does that work?”