Author: Christopher Sabaitis

We Can Put an End to State Bidding Wars

In a crashing finale to its corporate headquarters search saga, Amazon announced that it is withdrawing from its commitment to New York. Politicians have responded with mixed reactions, with some hailing the decision as a victory for the middle-class locals who came out in droves against the deal proposed by Mayor Bill de Blasio and Governor Andrew Cuomo. The deal, which was comprised of more than $3 billion in tax incentives for the company, reignited the debate over whether immediate incentives for large corporates were justified by projected taxes down the road. Amazon promised to bring over 25,000 news jobs to the city, as well as additional investment in local infrastructure and school programs. However, the agreement quickly became a political hot-button issue. Many on the left saw it as a giveaway to a multi-billion-dollar corporation when subways lines break down on what feels like a daily basis. Those on the right chided the government for falling prey to crony capitalism. It seemed to be one of the few times that both sides could agree …