I'm not sure what commitments Disney made when they negotiated the deal but clearly the people of Florida thought the economic development that would result was worth the cost.
This is the calculation that's constantly being made when developing tax laws, and companies all over the country have special tax treatment.
Disney's tax situation has been in place for decades and is now being threatened for political, not economic, reasons.
Time for explanation: Disney World Florida is a taxing district unto itself. It issues all building permits and acts exactly as a independent city/county does in Florida. They have there own style of legislature, Police Dept, Fire Dept Finance Dept. An Property taxing authority. However being a independent taxing district they pay all of the cost of a city/County into 1 bucket. Yet they have zero state representatives in the Florida Legislature Got it thats the way it was designed the people had zero to do with it strictly state and county governments involved. The idea was to bring jobs into Florida. But what was not realized was with any entertainment business you bring in the crazies from Hollyweird. So thats the bad with the good BTW there quarterly income after expenses is over $7B thats Billion. If they were smart and liberals who are not business people they would shut up make money and be left alone. Its really that simple but no the damn woman has to soot her mouth off and then throw big parties for the re-election of Giggliest the VP to get re-elected?????....I pray Trump appoints Ron to be AG and he starts jailing the FBI and disbands that den of thieves and charlatans that Obama created in his make over of the FBI...
Disney’s tax situation has been in place for decades and is now being threatened for political, not economic, reasons.
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Well, no one else in the whole country gets to keep the same tax laws for decades, why should they?
Sorry, it’s time to play hard ball. Democrat’s have been going after political opponents for years.
I’m tired of these woke companies thinking they have the right to dictate policies that will harm the rest of us, either socially or economically. All the while, they are buying favors to enrich themselves.
Also, they didn’t just voice a political opinion. They called the governor, and lobbied state representatives in support of pedophiles. They also declared they they would fight this law in court.