Sunday, May 26, 2019

Amazon’s defeat in NYC galvanizes movement to end billion-dollar corporate welfare

The lawmakers who took down Amazon say their victory is just the beginning of a major fight against tax subsidies for huge companies.

New York City is still reeling since Amazon announced last week that it was scrapping plans to build a major office facility in Queens. The decision came under mounting pressure from grassroots activists and local politicians who opposed the deal. Amazon had announced the project in November after New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio offered Amazon nearly $3 billion in tax subsidies to come to the city. But local politicians and community organizers rallied against the tech giant and won. The lawmakers who took down Amazon say their victory is just the beginning of a major fight against tax subsidies for huge companies – which they call “corporate welfare.” We speak with New York State Assemblymember Ron Kim, who helped fight Amazon and introduced the End of Corporate Welfare Act to the state Legislature earlier this month.

Guests

  • Ron Kim

    New York State Assemblymember.
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