by Sheri Urban
Freshman Congresswoman Alexandria Ocasio-Cortez (D-NY) recently caused havoc in her hometown when she helped destroy a deal between Amazon and New York which would have brought thousands of high-paying jobs to the city.
Her biggest argument against the deal was the “massive tax breaks” being offered to Amazon by NY in order to create 25,000-plus jobs.
But today is was just exposed that AOC herself once sought a tax break for her own business, according to the Washington Examiner.
Yep, you heard right. Typical leftist hypocrite: socialism for thee but not for me.
In 2012, Ocasio-Cortez sought tax benefits for — ironically — her start-up children’s book publication company, Brook Avenue Press.
In a news release in 2012, the then-“entrepreneur” Ocasio-Cortez said:
“Plenty of entrepreneurs have started their businesses on a shoestring and any break they receive means more flexibility for further growth. A tax break could mean part-time work for someone else or keeping a business’ doors open long enough to turn a profit.”
She continued, “Young entrepreneurs are playing a special role in developing promising, creative enterprises for our future, and a small break can open up their resources for hiring, creating a new product, or reinvesting in the local economy.”
That’s exactly what the plan was for Amazon, to turn a profit and reinvest in the community. Except instead of one local grifter, it would have helped tens of thousands. At least until she KILLED it!
The Examiner writes:
“Ocasio-Cortez was one of several Bronx-based entrepreneurs and start-up advocates quoted in the release, put out by Bronx Borough President Rubén Díaz Jr. and Sen. Kirsten Gillibrand, D-N.Y., in support for the proposed Small Business Start-up Support Act. The bill would have increased deductions for start-up costs from $5,000 to $10,000.”
It’s unclear if AOC ever got the break, but unlike the very profitable Amazon, which started life as a book seller, her little book company not only failed to turn a profit, but was a tax deadbeat that had to be closed involuntarily by the state.
That’s right. According to a March report in the New York Post, AOC’s now-defunct company owes $1,870.36 in unpaid corporate taxes.
The state slapped [AOC’s] company with a warrant on July 6, 2017, two months after Ocasio-Cortez announced her candidacy to run against Democratic incumbent Joe Crowley for the district that encompasses parts of Queens and The Bronx.
The state requires businesses to pay a corporation tax on a sliding scale based on revenue. The minimum payment last year was $25.
“The company probably got numerous letters from the state and probably ignored them,” one New York City accountant theorized.
Public records show the state dissolved the company in October 2016, which often happens when a business fails to pay corporate taxes or file a return.
Her constituents didn’t know a thing about this when she won in 2018.
But you can bet they will in 2020 — when she’s up again, and has to face an electorate of which, according to polls, 67% approved of the Amazon deal she killed.