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Trump received a 40-year, $120 million full tax abatement from NYC for the Grand Hyatt (Newsweek 6/17/90) . He sought a residential tax abatement for Trump Towe
by saretired 10y ago
Trump received a 40-year, $120 million full tax abatement from NYC for the Grand Hyatt (Newsweek 6/17/90) . He sought a residential tax abatement for Trump Tower, an abatement designed for low- and middle-income housing (NYT, 8/6/1983), and an abatement for another luxury tower, Trump Palace, and for Trump International Hotel (NYT 7/17/94). He sought a $356 million low-interest loan from the federal government for the West Side Yards, received a $34 million tax abatement in Florida, and had the assessed value of a Las Vegas property lowered from $180 million to $8.6 million (LA Times, 5/11/2011).
- merc285 10y agoplease explain to me how this has anything to do with tesla
- saretired 10y agoWell, if you read the article, it mentions the tax breaks that Tesla buyers get, and that the "future of these tax credits may come into question based on Trump's opposition to the government picking winners and losers." How is constantly seeking government hand-outs capitalism? How is taking those hand-outs not allowing the government to pick winners and losers?
- nostromo 10y agoI'm shocked that a businessperson would take the tax breaks and cheap loans provided to them.