Additionally, the governor stressed that “there’s always local opposition” because the community is worried about the impact of every development such cost of rental housing. He acknowledged that such concerns as “valid”
Small group of local politicians oppose tax incentives for Amazon
However, Cuomo emphasized that a small group of politicians are basing their opposition on ideology—Amazon and Jeff Bezos are rich. New York should not offer them any incentive.
The governor explained that Amazon is giving the state $27 billion in revenue. In exchange, it is getting “$2.5 billion as of right benefits from New York City and $500 million capital construction program” from the state. It is significantly lower than the $7 billion incentive package, which was offered by Newark to Amazon.
U.S. Rep. Alexandria Ocacio-Cortez and Sen. Michael Gianaris, the Deputy Majority leader of the State Senate, are among the vocal critics of the Amazon deal.
In November, Ocacio-Cortez criticized the transaction and cited the reason that residents are extremely concerned about the tax breaks for the e-commerce giant.
