CAPITAL TONIGHT: BALL: WHERE’S THAT $400M GOING, EXACTLY?

Sen. Greg Ball, no stranger to lobbing rhetorical grenades, issued a lengthy statement this afternoon knocking Gov. Andrew Cuomo for what he says is giving away $400 million in tax breaks to companies with a history of outsourcing American jobs.

“Let me explain this in simple terms. IBM has already received hundreds of millions of dollars from New York taxpayers,” the Republican lawmakers said in a statement. “Not even a few years back, we found out IBM was cashing checks from taxpayers while simultaneously patenting a new technology specifically designed to outsource our jobs in America. Now, as small businesses everywhere are shutting their doors, we are going to reward these global giants with an even larger giveaway of corporate welfare, without asking the tough questions?”

Ball is among the few (perhaps only) elected official to register a negative reaction to the announcement last week that five major technology firms would invest $4.4 billion in order to manufacture and innovate new computer chips.

The governor expects the investment to mean the creation or retention of more than 6,000 jobs. And the $400 million being used to lure the companies to New York isn’t going directly to them, but to the nanotech college in Albany, the administration says.

But Ball says that money could have been used elsewhere, like diving them into loans for small businesses. He’s holding a news conference on Oct. 6 on the issue to “demand real answers.”

“In fact, a portion could have immediately went to fix bridges, roads and crumbling infrastructure, putting thousands of New Yorkers back to work, now that would have helped Main Street!” (Exclamation point his) (ARTICLE)

 

About Greg Ball

Assemblyman Greg Ball (R, C, I – Patterson) is the Senator for New York State's 40th district. A former Vice President of Exceed International Development Corporation, Ball holds a Bachelor’s Degree in Political Science from the United States Air Force Academy, is currently completing his Masters Thesis of Liberal Studies in International Affairs at Georgetown University, and received an honorable discharge in 2005 at the rank of Captain after service as an active duty officer in the United States Air Force. View all posts by Greg Ball →
Comments are closed.
  • Twitter Updates

  • Latest Video