AFP-NJ: $7 Billion Corporate Welfare Scheme for Amazon is Bad News for NJ’s Bleeding Finances

TRENTON, NJ – Americans for Prosperity-New Jersey (AFP-NJ) today responded to reports that Gov. Christie is offering Amazon $7 billion in tax incentives to lure the eCommerce giant to Newark as it shops locations for its second North American headquarters. AFP-NJ has long opposed corporate welfare schemes that reduce competition and give unfair advantages to the wealthy and well-connected.

AFP-NJ State Director Erica Jedynak said:

“Instead of relying on taxpayer-funded subsidies to lure Amazon, Governor Christie should rely on the strengths Newark already offers, like access to ports and freight corridors and its proximity to population centers like New York City and Philadelphia. New Jersey has one of the most educated workforces in the country and our state is a prime location for Amazon. Gov. Christie’s pitch shouldn’t rest on the backs of taxpayers. We can create jobs and improve our economy by creating a consistent, stable business climate with less burdensome regulations and making it easier for folks to start a business. Corporate handouts skew the system. We must work to level the playing field and give all businesses the chance to succeed, not just the ones that draw headlines.”

Background:

Since taking office, Christie has pledged more than $8 billion in corporate welfare to politically-favored companies and non-profits, and Garden State residents have been treated to eleven credit downgrades.

For further information or an interview, reach Lorenz Isidro at LIsidro@afphq.org or (703) 887-7724. 

Americans for Prosperity (AFP) exists to recruit, educate, and mobilize citizens in support of the policies and goals of a free society at the local, state, and federal level, helping every American live their dream – especially the least fortunate. AFP has more than 3.2 million activists across the nation, a local infrastructure that includes 36 state chapters, and has received financial support from more than 100,000 Americans in all 50 states. For more information, visit www.AmericansForProsperity.org

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CONTACT: Lorenz Isidro, LIsidro@afphq.org or (703) 887-7724