Coumo Amazon

New York State is promising Amazon $1.3 billion in tax subsidies to bring their new office to Queens. The state only collects $6 billion in corporate income tax so this is quite a give away. Welfare for low income people is an acceptable use of state funds but corporate welfare is questionable. Governor Cuomo said that since the state has such high corporate income tax rates he had to sweeten the pot or Amazon may just move to Texas. To quote Cuomo: “It’s not a level playing field to begin with. All things being equal, if we do nothing, they’re going to Texas.”