Sep 3, 2018
Disneyland says it wants Anaheim, California to end the lucrative tax breaks the city has been giving the company.
For decades, Disneyland has been pocketing hundreds of millions of dollars in tax money, shamelessly handed out by Anaheim politicians. Disneyland’s parent company, Walt Disney Co., reported a profit of about nine billion dollars in 2017. So why is Disneyland making this announcement now?
Well, Disneyland is apparently trying to get out of any future obligation to pay its workers the minimum wage. That’s what a November ballot initiative would require of companies getting tax breaks from Anaheim – $15 an hour, to be gradually increased to $18 by 2022.
Judging by Disneyland’s reaction, company executives must think that the initiative has a good chance of passing!