A good portion of all of that is stuff Amazon could compile, but they got cities across the country to donate probably tens of thousands of hours of taxpayer salaries to do it instead.
The nature of special incentives each proposal offered - custom ones for Amazon-only, or unusual ones - will also have told them which cities they've got extra leverage over if they come offering a smaller project like a distribution center.
> The most jarring incentive reportedly comes out of Chicago, which, under state law, could redirect between 50 and 100 percent of the income taxes incurred by Amazon employees right back to Amazon.
That article misrepresents what the Illinois tax credit is. It only applies to the portion of the income tax that the employer pays.
Basically the state law allows employers who create new jobs to not have to pay their portion of the employment tax for a few years, and that tax credit applies to every company.
I'm pretty happy with the way Illinois and Chicago played their cards with Amazon, we were basically like "We've got a lot of great shit, and if you come here you can take advantage of this tax credit." We didn't offer Amazon any special treatment.
> > The most jarring incentive reportedly comes out of Chicago, which, under state law, could redirect between 50 and 100 percent of the income taxes incurred by Amazon employees right back to Amazon
Stealing the worker's surplus labor value isn't enough?
ceejayoz|7 years ago
A good portion of all of that is stuff Amazon could compile, but they got cities across the country to donate probably tens of thousands of hours of taxpayer salaries to do it instead.
The nature of special incentives each proposal offered - custom ones for Amazon-only, or unusual ones - will also have told them which cities they've got extra leverage over if they come offering a smaller project like a distribution center.
https://www.citylab.com/life/2017/11/the-extreme-amazon-bidd...
> The most jarring incentive reportedly comes out of Chicago, which, under state law, could redirect between 50 and 100 percent of the income taxes incurred by Amazon employees right back to Amazon.
Declanomous|7 years ago
Basically the state law allows employers who create new jobs to not have to pay their portion of the employment tax for a few years, and that tax credit applies to every company.
I'm pretty happy with the way Illinois and Chicago played their cards with Amazon, we were basically like "We've got a lot of great shit, and if you come here you can take advantage of this tax credit." We didn't offer Amazon any special treatment.
sct202|7 years ago
thelasthuman|7 years ago
Stealing the worker's surplus labor value isn't enough?