New York City Council Members and furious residents ripped Amazon executives during a high-stakes meeting in the Big Apple this week; blasting the massive tax breaks given by the city and state governments.
“The council members, who have no vote on the project and no apparent path to block it, demanded to know why the city and New York state were offering Amazon up to $2.8 billion in tax breaks and grants to build the new headquarters in the Long Island City neighborhood of Queens,” writes Fox 5.
“We have a crumbling subway system, record homelessness, public housing that is in crisis, overcrowded schools, sick people without health insurance and an escalating affordable crisis,” said Democrat City Council Speaker Corey Johnson. “Is anyone asking if we should be giving nearly $3 billion in public money to the world’s richest company, valued at $1 trillion?”
Amazon executives told the crowd the new project would have a “positive economic impact” of $186 billion over a 25-year period.
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