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Date: November 28, 2018
Contact: mediacenter@freeandfairmarketsinitiative.org

In Case You Missed It!
The Los Angeles Times Editorial Board: Amazon HQ2 Is “Corporate Welfare”

“If a tax break goes to a company that would have moved in even without such a subsidy, then taxpayers have traded away money that could have been spent on education, infrastructure and other public services.”

“If a tax break goes to a company that would have moved in even without such a subsidy, then taxpayers have traded away money that could have been spent on education, infrastructure and other public services. Nor are such tax giveaways fair to existing businesses that pay their required share of taxes and rely on the services and infrastructure funded by those tax dollars. Worse, researchers have found that incentives are often poorly targeted and don’t deliver the promised benefits in terms of jobs and economic activity. That’s not economic development. It’s corporate welfare.” (The Times Editorial Board, Los Angeles Times, “Amazon played American cities for suckers,” 11.15.18)

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ABOUT THE FREE & FAIR MARKETS INITIATIVE
The Free & Fair Markets Initiative (FFMI) is a non-profit coalition of businesses, consumer advocacy groups, workers and community activists committed to scrutinizing and highlighting emerging market trends that are stifling competition and innovation, influencing federal and local government spending, putting consumer data in harm’s way and limiting consumer choice. For a list of members, please visit https://freeandfairmarketsinitiative.org/about-us/members/. For more information on the Free & Fair Markets Initiative, please visit https://freeandfairmarketsinitiative.org.