Today, Travis County voted to provide Apple approximately $7 million in tax rebates for nothing more than being Apple.
Although Apple (or any other business) should never get a tax subsidy to do what is in its economic self interest, I was willing to play along with the charade of a “tax incentive” in exchange for Apple’s commitment to hiring a modest but verifiable number of economically disadvantaged Travis County residents. After all, Travis County has 37% low income residents, 41% housing cost-burdened residents and 22% uninsured residents.
I heard for the first time today that Apple is no longer willing to entertain a commitment to hire these economically disadvantaged Travis County residents. I am therefore no longer willing to entertain relieving Apple of its tax responsibilities.
The charade is over. The $7 million Travis County subsidy approved today is not a tax incentive. It is a gift.