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How a Washington Tax Break for Data Centers Snowballed Into One of the State’s Biggest Corporate Giveaways (www.propublica.org)
submitted 4 months ago by JRepin@lemmy.ml to c/technology@lemmy.ml
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One of Washington’s largest corporate tax breaks has grown alongside a data center boom in Central Washington, including this data center in East Wenatchee owned by the Sabey Corp. Despite forgoing more than $474 million since 2018, the state can’t say how many jobs were created by the tax break. During that same time frame, it also hasn’t evaluated whether the revenue loss was worth it.

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[-] czardestructo@lemmy.world 27 points 4 months ago

Needing something is one thing, tax payer subsidies is another topic entirely. State tax payers have now all chipped in for these Data centers and the question is was it worth it for them.

[-] thegreekgeek@midwest.social 12 points 4 months ago

Hint: the answer is very likely no..

[-] sunzu@kbin.run 4 points 4 months ago

Taxpyer is the ultimate bagholder in today's economy. All the risk, all the costs zero fucking return.

buT 20 JoBs we MaDE for PeAsaNTs rhEee

[-] TCB13@lemmy.world -2 points 4 months ago

tax payer subsidies

It's not subsidies, it is tax breaks if companies go there. A very different thing.

this post was submitted on 10 Aug 2024
107 points (100.0% liked)

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