#situp | #rollover | #beg
Julia Conley, via AlterNet:
Critics of Amazon’s “race to the bottom” as it searches for a home for its second headquarters said on Thursday that the company’s newly released shortlist of 20 cities highlights a crisis in the U.S. economy—one exemplified by the huge incentives offered to Amazon in the bidding war among potential hosts.
Rep. Keith Ellison (D-Minn.) was among those slamming Amazon and the state and local governments willing to give billions of dollars in tax breaks to the extremely wealthy multinational company.
Tax breaks to Amazon promised by New Jersey: $7 billion. Tax breaks promised by Illinois: $2 billion. Something is deeply wrong with our economy & democracy when local governments offer up their tax base to a corporation worth over $500 billion.
Nor is this really new. But, yes, if this is the American Way, then we might wish to wonder why.
Image note: Top — Tweet by Rep. Keith Ellison, 18 January 2017. Right — Rep. Keith Ellison. (Photo by Greg Nash)
Conley, Julia. “Keith Ellison: Desperate Bids for New Amazon HQ Prove Something ‘Deeply Wrong’ With America”. AlterNet. 19 January 2018.
Ellison, Keith. “Tax breaks to Amazon”. Twitter. 18 January 2018.