Corporate America got religion ahead of Easter this year, as peace broke out in Americaâs tax-break war among the states.
In Seattle, Amazon CEO Jeff Bezos issued an apology for his companyâs public auction for its second headquarters, or HQ2. âWe admit we were jerking everybody around to create pressure for bigger tax breaks,â said Bezos. âIt was great fun watching all those mayors grovel, but we had our short list years ago and Crystal City and Queens were always at the top. To those thousands of public officials who lost their weekends and evenings throughout late 2017 and early 2018 chasing a foolâs errand, we truly and sincerely apologize.â
As a token of contrition, Bezos announced that he will issue Amazon gift cards worth $100,000 to each of the 238 places that applied. âWe wonât even ask the mayors to post fake reviews the way the mayor of Kansas City did,â said Bezos. âPlus weâll offer them special discounts on The Everything Store and The Great American Jobs Scam.â
In Virginia, Amazon will disgorge its annual workforce cash grants of at least $550 million. Half will go to the Arlington Low-Income Housing Trust Fund and half to fund Community Land Trusts for permanently affordable housing in low-income neighborhoods of Arlington and Alexandria. Bezos also announced that Amazon will disgorge its $23 million Arlington County hotel-tax diversion and grant those monies to local community groups for research and advocacy against gentrification and displacement.
âWe also want to apologize to everyone in Queens,â said Bezos. âWe promise that weâll keep growing in New York, just like Google and Facebook, and we wonât ask for a dime.â
Finally, Bezos announced that Amazon will reverse its position on Seattleâs big-company head tax to fund homeless shelters and affordable housing, and that he will personally bankroll another ballot initiative to create a personal income tax on Washington State millionaires and billionaires. âMackenzie and I were proud to support the nationâs first successful marriage equality ballot initiative,â said Bezos. âLike gay marriage 20 years ago, today they say taxing people like me canât be done. But with our world-class data analytics, we can sell people anything.â
Meanwhile, in Washington DC, the White House was rocked when a passage of the Mueller report was leaked. It alleged that Foxconnâs implausible project to manufacture LCD screens in Wisconsin was actually an effort by China to blunt the Presidentâs position in trade talks between the two nations.
As reparations, President Trump and Foxconn chairman Terry Gou announced that they were canceling the $4.8 billion Wisconsin deal and moving to undo its harm. âOur Reuters interview was not fake news,â said Gou. âWeâll never manufacture anything in Wisconsin. Luckily, the state has not given us a dime yet. We will cover all the expenses incurred so far by Racine County and Mt. Pleasant, and weâll try to restore the property and homes taken from residents by eminent domain.â
The news also prompted President Trump to disown subsidy auctions like the one he helped Foxconn stage. âI donât know what I was thinking when I endorsed the war among the states during my speech at the Carrier plant,â said Trump. âIt was like when I said âwouldâ instead of âwouldnâtâ in Helsinki. Iâm changing my slogan to âUnited States of America Firstâ to make it clear that California is not my enemy, even though thatâs where Nancy Pelosi is from.â
Finally, in Louisiana, that stateâs Association for Business and Industry (LABI), together with Exxon Mobil, announced they will stop trying to block Together Louisianaâs grassroots campaign to reform the notorious Industrial Tax Exemption Program (ITEP). âWe had a hell of a good run, stripping local governments of control over their property taxes for more than 80 years,â said a LABI spokeswoman. âItâs our claim to fame, something special interests have never won in another state. Some might call it Americaâs very own version of the resource curse; we call it our trophy on the mantle.â
âAll that huffing and puffing about going to Texas is just a head fake,â she admitted. âOur teachers need a raise and our roads need repairs. We didnât want to admit it, but property taxes are the least of our costs. Letâs all reinvest in Louisiana!â
Happy April Foolâs Day!