Big Tech can't build housing units commensurate with their office growth unless the suburban peninsula govts, um, actually zone for and allow them to build midsize or large residential buildings. ¯\_(ツ)_/¯ https://twitter.com/HowardKushlan/status/1103485357327212545 …
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Good point. The federal (and state) retreat from housing and community development investments has been disastrous over the last 35+ years. So now the job falls almost entirely to local sources. Would be interesting to see how corporate tax rates have changed over same timeframe.
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corporate taxes are not really ideally implemented at the municipal level, or else you end up in a regional race to the bottom, like w/ the Amazon HQ2 debacle.
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this is a doubtful but perennially circulating advocacy claim, rarely scrutinized. What got cut was not Fed spending, but
@HUDgov "budget authority", which includes all future contracted spending. Spending has kept increasing, & LIHTC tax expenditure addedhttps://twitter.com/tmccormick/status/1086730290037370880 …
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What if, I know this sounds crazy but here me out. What if companies had to pay some kind of fee to the jurisdiction they sit in and the governments of said jurisdictions used that money to provide public goods like housing, transit and schools?
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I will say that Microsoft pre-Trump tax breaks had roughly $150B kept stuffed away overseas in low/no-tax jurisdictions. Housing and communtiy dev represents like 1% of Fed budget. If they had not engaged in tax avoidance, we may have seen more than $500M goto to housing.
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