Assemblyman Skoufis: $21 million in corporate welfare for NBC is flat-out wrong

Assemblyman James Skoufis (D-Woodbury) blasted the recent news that New Yorkโ€™s economic development arm awarded $21 million in incentives to NBCโ€™s โ€œThe Tonight Showโ€ under the illusion that it was needed to keep the show hosted in the state. In reality, producers had already decided to relocate the show to New York without the tax credits.[1]

โ€œNo offense to Jimmy Fallon, but this giveaway to the โ€˜The Tonight Showโ€™ is nothing short of outrageous,โ€ said Skoufis. โ€œThis type of corporate welfare is a blatant disregard for the hardworking people of our state โ€“ I can think of 21 million better ways to spend this $21 million.โ€

โ€œAs a multi-billion dollar company, NBC can take care of itself just fine,โ€ Skoufis continued. โ€œThis corporate welfare disguised as so-called economic development sucks away the limited dollars we have to help people who actually need help, especially our middle-class, seniors on fixed income, and small businesses. Itโ€™s long past time to end the gravy train and put New Yorkers first.โ€

[1]ย https://www.empirecenter.org/publications/tonight-your-tax-dollars-at-play/

(Press Release from James Skoufis)

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