What do you think that will do to their park business? Tldr: Disney had a special tax exemption for the past 55 years in FL for Disneyworld, and since opposing one of the new bills in FL, the state revoked their tax privileges effective mid-next year. This must be a big hit to their in park business. https://www.nytimes.com/article/disney-florida-desantis.html #disney
go woke and go broke mickey mouse is dead
And florida lost its place for being number 1 in business friendly to number 1 in business hostile . It’s run by a dictator obviously. Free speech where is it now ?
Indeed. It's pretty bizarre behavior to stage an attack on a corporation over culture wars like this. Too bad they won't go after corporations like this for "crimes" against the environment, workers, the tax code, the taxpayer's pockets, third-world exploitation, outsourcing jobs, et al.
Hardly. They just took away a special unfair deal from 1 business that was openly politically campaigning.
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Biden wants to raise capital gains tax to 40%
If I’m not mistaken, the tax burden of that decision will likely get pushed to residents of Orange & Osceola county. DeSantis likely did that because he’s fully aware that both of those counties are heavily Democratic by Florida standards…both of those counties went nearly 60-40 Biden over Trump IIRC.
Don’t the dems want to generally raise taxes? So I’d assume they would be for this?
I think that depends on income level. If we’re going by the Biden proposal, that would be increases on those making over 400k. The GOP on the other hand have proposed to raise on the poorer 40% as a way of combatting inflation. The increase from the Disney fallout might be more indiscriminate than either but would need to check. Take care!