Press coverage from last week's forum

Last week I participated in a District 1 Forum hosted by Friends of White Flint. Here's some of the press coverage:

 

From Seventh State:

Reggie Oldak countered that it would be great if Amazon came, pointing out astutely that we are giving tax breaks, not subsidies, and that collecting 90% of something is better than 100% of nothing. Additionally, we’d receive transit funding from the State. Indeed, the tax breaks are spaced over many decades based on Amazon spending many times more in salaries.

 

From Bethesda Beat:

Tax attorney Reggie Oldak pointed out the only way Amazon would get the tax incentives included in the package is if it chooses to locate in the county and created the jobs as promised.

“As a tax lawyer, let me tell you, we’re not giving them money,” Oldak said. “Instead of collecting 100 percent of nothing, we would be collecting 90 percent of something if they come.”

As you can see, there was a lot of discussion about Amazon. My overriding concern about economic development in Montgomery County is that we need to diversify our economy rather than continue our dependence on federal jobs in this region. I am thrilled that we have a place on Amazon’s short list. Rather than raising taxes, we need to add good jobs so that we have the resources to maintain the services our residents need.

If you're interested in watching the full debate, you can do so by clicking here.

BlogReggie Oldak