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Bill de Blasio corrects Ocasio-Cortez's claim about spending Amazon tax break money

Is it crazy to assume an Economic major would understand how tax breaks happen??

New York City Mayor Bill de Blasio suggested on Sunday that critics of the potential Amazon campus New York City — such as Democratic Rep. Alexandria Ocasio-Cortez — got the facts wrong over the money behind the tax breaks.

On Sunday morning, de Blasio responded in the affirmative when Chuck Todd of NBC News’ “Meet the Press” asked if the tax breaks offered to Amazon weren’t “money you had over here. And it was going over there.”


The Democratic mayor said: “And that $3 billion that would go back in tax incentives was only after we were getting the jobs and getting the revenue.”

Local business owners angry after Amazon pulls out of NYC Headquarters dealVideo
“There’s no money — right,” de Blasio added.


Amazon had chosen the Long Island City neighborhood of Queens to build a $2.5 billion campus that could house 25,000 workers, in addition to new offices planned for northern Virginia.


Donald Trump Jr.
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@DonaldJTrumpJr
Will someone please explain to me how it is possible for NYC to SPEND a $3 Billion tax break on anything?

This is insanity.

Allan Smith
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@akarl_smith
.@AOC responding to criticism that by Amazon pulling out of HQ2 in Queens, 25,000 jobs were lost: "We were subsidizing those jobs."

Says if state/city was willing to "give away $3 billion for this deal," investments can be made in hiring teachers and fixing the subway.

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“If we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that money, if we wanted to,” Ocasio-Cortez said last week after the technology giant announced on Thursday that it had dropped plans to build the new headquarters in America’s largest city amid pressure from politicians and activists.

AMAZON BLASTS OCASIO-CORTEZ, SAYS ‘WE DON’T WANT TO WORK IN THIS ENVIRONMENT IN THE LONG TERM’

The mayor also noted to Todd that the deal could have been a way for progressive leaders to show a balance on economic issues.

“I have no problem with my fellow progressives critiquing a deal or wanting more from Amazon — I wanted more from Amazon, too,” de Blasio said. “The bottom line is, this was an example of an abuse of corporate power. They had an agreement with the people of New York City.”

Queens Chamber of Commerce president on Amazon scrapping plans to build second headquarters in New YorkVideo
He added: “They said they wanted a partnership, but the minute there were criticisms, they walked away. What does that say to working people, that a company would leave them high and dry, simply because some people raised criticism?”

The city was eager to lure the company and its thousands of high-paying technology jobs, offering billions in tax incentives and lighting the Empire State Building in Amazon orange in November.

De Blasio and Democratic Gov. Andrew Cuomo said the $2.8 billion in tax breaks and subsidies they were offering Amazon would result in $27 billion in tax revenue. The governor and the mayor had argued that the project would spur economic growth that would pay for the $2.8 billion in state and city incentives many times over.

“We are disappointed to have reached this conclusion — we love New York,” the online giant from Seattle said in a blog post announcing its withdrawal.

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Cuomo lashed out at fellow New York politicians over Amazon’s change of heart, saying the project would have helped diversify the city’s economy, cement its status as an emerging hub of technology and generate money for schools, housing and transit.

“A small group (of) politicians put their own narrow political interests above their community,” he said.

Fox News’ Andrew O’Reilly and The Associated Press contributed to this report.

Frank Miles is a reporter and editor covering geopolitics, military, crime, technology and sports for FoxNews.com. His email is [e-mail].

https://www.foxnews.com/politics/de-blasio-ocasio-cortex-claim-spending-amazon-tax-break-money