NYC’s de Blasio goes after Ocasio-Cortez for Amazon blunder. How can you not grasp how tax breaks work?

[sharenow]

Rep. Alexandria Ocasio-Cortez, D-N.Y., is well known for her nonsensical comments and her confusion with facts, but the nitwit’s blunder regarding Amazon tax breaks is one for the ages.

The proud democratic socialist blew it so badly that Democratic New York City Mayor Bill de Blasio, a fellow progressive left traveler, went on national TV to say she and her cohorts got the facts wrong.

Appearing on NBC News’ “Meet the Press, de Blasio was asked about the economic of the tax breaks offered to Amazon — that they weren’t “money you had over here. And it was going over there,” as anchor Chuck Todd explained.

“Correct,” de Blasio said. “This was a deal that was gonna bring $27 billion in revenue to the state and city for things like public education, mass transit, affordable housing and that $3 billion that would go back in tax incentives was only after we were getting the jobs and getting the revenue.”

 

To clarify the point, Todd asked, “There’s not $3 billion in money —”

“There’s no money — right,” the liberal mayor confirmed.

Ocasio-Cortez celebrated her district losing 25,000 jobs after Amazon announced in response to protests from the far left that it will not open a new headquarters in New York.

“I think it’s incredible!” the happy socialist told a reporter on Capitol Hill.

She then showed that she had no idea how tax breaks work — not getting it that this is not money in hand.

“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,” Ocasio-Cortez said. “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.”

Without naming names, an angry de Blasio blasted Ocasio-Cortez in an interview last week with WNYC radio.

“As a progressive my entire life — and I ain’t changing — I’ll take on any progressive anywhere that thinks it’s a good idea to lose jobs and revenue because I think that’s out of touch with what working people want,’ he said.

But de Blasio would prove Sunday that as far as the Democratic party is concerned, corporations are damned if they do and damned if they don’t.

Ocasio-Cortez said Amazon’s decision “shows that everyday Americans still have the power to organize and fight for their communities — and they can have more say in this country than the richest man in the world.”

What the newly-elected 29-year-old congresswoman considered a win for the people was ripped by de Blasio as “an abuse of corporate power,” with Amazon abandoning the people.

 

“I have no problem with my fellow progressives critiquing a deal or wanting more from Amazon — I wanted more from Amazon, too,” he 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.”

“Amazon just took their ball and went home,” de Blasio continued. “And what they did was confirm people’s worst fears about corporate America: here’s the 1% dictating to everyone else.”

Talk about contrasting views.

“They said they wanted a partnership, but the minute there were criticisms, they walked away,” he added later. “What does that say to working people, that a company would leave them high and dry, simply because some people raised criticism?”

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[sharenow]
Tom Tillison

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