Economy

Gov. Jerry Brown Slaps Down Amazon’s Attempt To Maintain Its Massive Tax Loophole

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Jon Ortiz at the Sacramento Bee reports that Gov. Jerry Brown (D-CA) dealt a swift blow to Amazon’s proposal to keep its massive sales tax loophole open. Earlier this week, Amazon.com proposed to hire more workers and open new distribution centers in the Golden State in return for a promise from legislators to keep open a sales tax loophole that allows the company to dodge $200 million in yearly taxes. “I’m concerned about anything that will reduce revenue going forward because we have a very uncertain economy,” the governor said today, throwing cold water on the plan pitched by Amazon’s lobbyists.