CayceG Posted November 14, 2018 Share Posted November 14, 2018 6 minutes ago, SFLUFAN said: And I can't even vote against Northam in 2021 because VA doesn't permit consecutive terms for its governors. Can you just write-in "Not Northam"? Quote Link to comment Share on other sites More sharing options...
Jason Posted November 14, 2018 Share Posted November 14, 2018 16 minutes ago, SFLUFAN said: And I can't even vote against Northam in 2021 because VA doesn't permit consecutive terms for its governors. There was a candidate on my ballot this year named John "Low Taxes" Doe (the John Doe obviously being a placeholder, only the "Low Taxes" is important here). You could lobby whomever the Democratic gubernatorial candidate is to change his name to John "Not Northam" Doe. [edit] oh god damnit Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted November 14, 2018 Share Posted November 14, 2018 1 hour ago, Jason said: Shit like this is what people latch onto when talking themselves into not voting because "both sides". Yeah it’s not surprising that these deals were confirmed a week after the midterms. Somehow the only thing de Blasio and Cuomo agree on is giving money to amazon Quote Link to comment Share on other sites More sharing options...
CayceG Posted November 14, 2018 Share Posted November 14, 2018 10 minutes ago, RedSoxFan9 said: Yeah it’s not surprising that these deals were confirmed a week after the midterms. Somehow the only thing de Blasio and Cuomo agree on is giving money to amazon After the midterms would be something. But in Nashville's case, the letters from the State and City of Nashville outlining the incentives Amazon will receive are dated November 2. http://mediad.publicbroadcasting.net/p/wpln/files/201811/amazon_nashville-and-davidson-county-agreement.pdf http://mediad.publicbroadcasting.net/p/wpln/files/201811/amazon_state-of-tennessee-agreement.pdf Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted November 14, 2018 Share Posted November 14, 2018 I was talking about the NY and VA deals but did the public know about the Nashville deal before the midterms? Quote Link to comment Share on other sites More sharing options...
Guest Posted November 14, 2018 Share Posted November 14, 2018 Are there any tax incentive schemes that you guys do like? I have some affinity for tax increment reinvestment zones. Quote Link to comment Share on other sites More sharing options...
Chris- Posted November 14, 2018 Share Posted November 14, 2018 1 minute ago, sblfilms said: Are there any tax incentive schemes that you guys do like? I have some affinity for tax increment reinvestment zones. The living wage tax credit I created on old D1P was extremely cool and awesome. Quote Link to comment Share on other sites More sharing options...
Guest Posted November 14, 2018 Share Posted November 14, 2018 2 minutes ago, Chris- said: The living wage tax credit I created on old D1P was extremely cool and awesome. A few bullet points, my good man? Quote Link to comment Share on other sites More sharing options...
Chris- Posted November 14, 2018 Share Posted November 14, 2018 22 minutes ago, sblfilms said: A few bullet points, my good man? Essentially, businesses can receive tax credits for wages they pay up to a living wage (as determined by the local cost of living). Some of the lost revenue is recouped through personal/sales taxes, as well as savings on social programs. It would provide incentive to pay over the minimum wage, and if you made it partially redeemable, you could also give small businesses the opportunity to better compete with large corporations in the labor market. Quote Link to comment Share on other sites More sharing options...
TwinIon Posted November 14, 2018 Share Posted November 14, 2018 46 minutes ago, sblfilms said: Are there any tax incentive schemes that you guys do like? I have some affinity for tax increment reinvestment zones. I think in general I would say that I like tax incentives that help small businesses in general, rather than specific sweetheart deals to hugely profitable billion/trillion dollar multinational companies. Quote Link to comment Share on other sites More sharing options...
CayceG Posted November 14, 2018 Share Posted November 14, 2018 1 hour ago, RedSoxFan9 said: I was talking about the NY and VA deals but did the public know about the Nashville deal before the midterms? They knew about the chase, but after the transit plan failed, the whole thing was basically assumed to be gone at that point. Yesterday's announcement was a COMPLETE surprise to the public. And it was a surprise to another company that had a news conference planned yesterday announcing their move to Nashville that would bring 500 jobs. They got completely overshadowed too. Quote Link to comment Share on other sites More sharing options...
Jason Posted November 14, 2018 Share Posted November 14, 2018 1 hour ago, sblfilms said: Are there any tax incentive schemes that you guys do like? I have some affinity for tax increment reinvestment zones. I haven't thought about this too much but like I said I think somewhere in this thread, from what I understand tax credits specifically for construction of the new office space is potentially worth it since the money goes right back into the local economy (labor and materials) in a much more straightforward way than something like promising to bring jobs into the area does. 51 minutes ago, Chris- said: Essentially, businesses can receive tax credits for wages they pay up to a living wage (as determined by the local cost of living). Some of the lost revenue is recouped through personal/sales taxes, as well as savings on social programs. It would provide incentive to pay over the minimum wage, and if you made it partially redeemable, you could also give small businesses the opportunity to better compete with large corporations in the labor market. What do you mean by "partially redeemable"? Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted November 14, 2018 Author Share Posted November 14, 2018 38 minutes ago, TwinIon said: I think in general I would say that I like tax incentives that help small businesses in general, rather than specific sweetheart deals to hugely profitable billion/trillion dollar multinational companies. I always find discussions around small business interesting partly because people hold wildly different opinions as to what qualifies as a small business. If someone says to me that a mom-and-pop store with 2 non-family employees is a small business, I am almost certain to agree. If they said the same about a 5-store chain with 35 employees, I am far less likely. Usually when tax exemptions are written they tend to...inflate how large small business can be while still qualifying. I know people who work for family-owned businesses with 50-100 employees and they continue to say they have it hard as a small business. If you are employing 50 or 100 people you are no longer in the same class of citizen as someone who works for a salary. Quote Link to comment Share on other sites More sharing options...
Chris- Posted November 14, 2018 Share Posted November 14, 2018 10 minutes ago, Jason said: What do you mean by "partially redeemable"? That it will only be redeemable up to an established amount. Quote Link to comment Share on other sites More sharing options...
Jason Posted November 14, 2018 Share Posted November 14, 2018 11 minutes ago, Chris- said: That it will only be redeemable up to an established amount. So the part I needed you to explain is "redeemable", not "partially". Quote Link to comment Share on other sites More sharing options...
Chris- Posted November 14, 2018 Share Posted November 14, 2018 1 minute ago, Jason said: So the part I needed you to explain is "redeemable", not "partially". When a tax credit is 'redeemable', you can receive the balance of the credit less your tax burden; so if you receive a credit worth $5,000 but your burden is only $4,000, you receive the remaining $1,000 as a refund. Some tax credits are redeemable, others are not. Credits that are partially redeemable have a cap on how large the refund can be (so whether the excess credit is $1,000 or $10,000, the refund is the same amount). Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted November 15, 2018 Share Posted November 15, 2018 shes running Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted November 15, 2018 Share Posted November 15, 2018 20 minutes ago, RedSoxFan9 said: shes running I mean yeah but WHERE IS YOUR GOD NOW Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted November 15, 2018 Share Posted November 15, 2018 That’s how I found Gillibrand’s statement Quote Link to comment Share on other sites More sharing options...
Anathema- Posted November 15, 2018 Share Posted November 15, 2018 8 hours ago, sblfilms said: Are there any tax incentive schemes that you guys do like? I have some affinity for tax increment reinvestment zones. Ones that obligate the business to the stakeholders (particularly the local community) for the period of the agreement would be fine by me, depending on the details of course. Mere existence isn't enough. Quote Link to comment Share on other sites More sharing options...
Chris- Posted November 15, 2018 Share Posted November 15, 2018 No joke, I'm seriously thinking of drafting a policy proposal for the living wage credit and shopping it to representatives. I don't even know if that's a thing, but god damn if I wouldn't give it a shot. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted November 15, 2018 Share Posted November 15, 2018 4 Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted November 15, 2018 Share Posted November 15, 2018 10 hours ago, Chris- said: No joke, I'm seriously thinking of drafting a policy proposal for the living wage credit and shopping it to representatives. I don't even know if that's a thing, but god damn if I wouldn't give it a shot. But the living wage credit idea would really not be effective if the jobs that will be created by one of these large tech companies will already be well above the living wage, no? I haven't followed this particular story about Amazon HQ very closely, but these are not menial warehouse distribution jobs, but higher paying technology jobs, like engineers, accountants, and such, no? Quote Link to comment Share on other sites More sharing options...
Chris- Posted November 15, 2018 Share Posted November 15, 2018 18 minutes ago, mclumber1 said: But the living wage credit idea would really not be effective if the jobs that will be created by one of these large tech companies will already be well above the living wage, no? I haven't followed this particular story about Amazon HQ very closely, but these are not menial warehouse distribution jobs, but higher paying technology jobs, like engineers, accountants, and such, no? I'm talking about the idea of a living wage credit in general, not for any one specific company/development. Moreover, if a company is already paying a living wage then yeah, the credit wouldn't be as impactful. That seems pretty obvious. Quote Link to comment Share on other sites More sharing options...
Jason Posted November 15, 2018 Share Posted November 15, 2018 30 minutes ago, b_m_b_m_b_m said: Trump hates Bezos Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted November 15, 2018 Share Posted November 15, 2018 Bezos invading Trump's turf Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted November 15, 2018 Author Share Posted November 15, 2018 1,000 public school employees to be evicted from offices due to Amazon plan Quote Hundreds of public school staffers will lose their offices in New York’s Amazon deal, the Daily News has learned. Education Department officials confirmed Thursday that the city’s embattled Office of Pupil Transportation and other important public school functions will be evicted from their longstanding headquarters in Governor Cuomo and Mayor de Blasio’s controversial plan to bring Amazon to the city. The massive Education Department building at 44-36 Vernon Boulevard will be a part of the site that will serve as Amazon headquarters in Long Island City, schools spokesman Will Mantell said. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted November 15, 2018 Author Share Posted November 15, 2018 Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted November 15, 2018 Share Posted November 15, 2018 16 minutes ago, CitizenVectron said: there will probably be charter schools just for the kids of amazon employees soon Quote Link to comment Share on other sites More sharing options...
foosh Posted November 15, 2018 Share Posted November 15, 2018 32 minutes ago, CitizenVectron said: They pretty much did do this in Seattle. The SLUT was made for commuters to get to Amazon. Quote Link to comment Share on other sites More sharing options...
Firewithin Posted November 15, 2018 Share Posted November 15, 2018 this seems to be loved by everyone https://www.wsj.com/articles/amazons-golden-fleecing-1542230916 Quote Link to comment Share on other sites More sharing options...
TwinIon Posted November 16, 2018 Share Posted November 16, 2018 While everyone is upset with Amazon, Marginal Revolution pointed out that their giveaway in NYC isn't even close to what the city is paying for Hudson Yards. While not all the money is a complete giveaway, the city will spend $5.6B to get the new "dynamic neighborhood" up and running. I've personally always been a fan of big, ambitious city projects like Hudson Yards, but my understanding of it was that it was privately financed. While that's partially true, it seems they got a lot more public money than is generally known. From the Gothamist: I feel like the city got screwed on how much they're spending on the parks and the tax breaks that probably didn't need to be given out. I think spending money to expand the subway into a new area is generally money well spent, and the same goes for public schools, but even some of that is questionable. The subway has such a well documented economic benefit that I feel like if you're spending billions to build a dense new neighborhood, you should be paying to extend the train yourself. Quote Link to comment Share on other sites More sharing options...
Jason Posted November 16, 2018 Share Posted November 16, 2018 1 Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted November 16, 2018 Share Posted November 16, 2018 3 Quote Link to comment Share on other sites More sharing options...
Jason Posted November 19, 2018 Share Posted November 19, 2018 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.