Amazon being pushed out of NYC by Ocasio-Cortez was 'disgraceful,' says billionaire Leon Cooperman - Recent News from USA
Leon Cooperman on CNBC's "Halftime Report."

Amazon being pushed out of NYC by Ocasio-Cortez was 'disgraceful,' says billionaire Leon Cooperman

Earlier this month, Amazon scrapped its plans to open its so-called HQ2 amid opposition from local leaders. The opposition mainly revolved around the nearly $3 billion in incentives the city and state promised Amazon if the multibillion-dollar company set up shop in Long Island City, a neighborhood in Queens.

One of those opponents was Ocasio-Cortez, whose district includes Long Island City. In November, Ocasio-Cortez said in a series of tweets: “Amazon is a billion-dollar company. The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here.”

Cooperman’s comments come as the issue of wealth inequality gains steam at a national level. Several lawmakers, including presidential hopefuls Elizabeth Warren and Bernie Sanders, are pushing for higher taxes on the wealthy.

“What we have is a bunch of candidates running on the Democratic ticket that are left-leaning, and that’s, in my opinion, very counterproductive and destructive,” said Cooperman, who has signed The Giving Pledge, meaning he agreed to donate most of his wealth to charitable causes.

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