“As I campaign in Queens and the Bronx, voters tell me it is dawning on them how much their representative lied to them. The democratic socialist made it sound like $3 billion in tax subsidies for Amazon would be coming out of their pockets. In truth, New York City and state would have received $27 billion in tax revenue over 10 years instead of $30 billion—a return of 800% on the $3 billion tax break. Once residents understand that subsidies are merely a discount on taxes rather than a cash payment to companies, they feel bamboozled, angry and betrayed by Ms. Ocasio-Cortez.”
