We probably don’t need to remind anyone how socialist motormouth Rep. Alexandria Ocasio-Cortez (D-NY) recently scuttled Amazon’s plans to open a major new facility in New York City. The misguided congresswoman opposed the project, which would have created thousands of well-paying jobs in the city, all because she thought tax breaks offered to the retail giant were actual costs that had to be paid.
Of course, it’s easy to excuse her ignorance by saying at least her heart was in the right place — but it wasn’t. It turns out that AOC doesn’t oppose tax breaks in principle; she just opposes them when they’re not being given to her.
Alexandria Ocasio-Cortez famously showed off her economic ignorance when she claimed tax breaks offered to Amazon would have to be paid for by New York City. Mayor Bill de Blasio had to patiently explain to her that tax breaks don’t involve someone being given money by the government; they mean someone giving the government less of their own money.
It’s no surprise that a socialist doesn’t understand economics. What is surprising is that AOC doesn’t understand how tax breaks work. After all, she tried to get one herself a few years ago.
- In 2012, AOC set up a small publishing business, Brook Avenue Press. Coincidentally, at around the same time, she started advocating for the Small Business Start-Up Support Act sponsored by Democrat senators John Rockefeller (D-WV) and Kirsten Gillibrand (D-NY).
- The act AOC was so keen on would have doubled the start-up tax deduction from $5,000 to $10,000 — a significant difference for a small, new business. It was reasonable for AOC to say, as she did at the time, “A tax break could mean part-time work for someone else or keeping a business’ doors open long enough to turn a profit.”
- Strangely, however, it seems she’s not so keen on tax breaks when the business that’s set to benefit from them isn’t her own. The tax break offered to Amazon could have given full-time jobs to over 10,000 New Yorkers, but that didn’t matter to AOC — she’s only worried about being able to hire a part-time clerk for her publishing house.
- FYI, Brook Avenue Press currently owes the state of New York $1,870.36 in unpaid taxes.