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> but I do think calling the tax deals given to Amazon a subsidy is deceptive I haven't read up on Amazon HQ2, but the FoxConn deal in Wisconsin contains actua
by thephyber 8y ago
> but I do think calling the tax deals given to Amazon a subsidy is deceptive
I haven't read up on Amazon HQ2, but the FoxConn deal in Wisconsin contains actual subsidies. The company promised to invest in factories and the state/municipalities both cut taxes and threw direct subsidies at the project (I think most of it is in utilities like electrical/freeway expansions).
I assume that HQ2 would need some similar improvements if they are to bring in 25k+ new jobs, so I'm assuming there is a reduced-tax component and a "we will build out the city/utility infrastructure" component as well.