Ron DeSantis Unveils His Plan To PUNISH Disney – It’s Brutal
(TargetLiberty.org) – It looks like Disney Corporation is about to pay the price for getting involved in politics. In March, Disney vowed to help repeal Florida’s new parental rights law. This week, the state’s governor revealed plans to strip the company of the tax privileges it has enjoyed for decades.
When Walt Disney World's special taxing district is dissolved next year, Gov. Ron DeSantis said the state will take it over. He added the local governments would not be responsible for its debt. https://t.co/IVnUPqcJjc
— CBS4 Miami (@CBSMiami) May 17, 2022
On May 16, Florida Governor Ron DeSantis (R) announced the state will likely take over the Reedy Creek Improvement District, the special taxation area run by Disney which houses the Walt Disney World theme park. On April 21, the state legislature passed a bill giving DeSantis the power to dissolve Reedy Creek, and now it looks like he plans to go ahead. The move is widely seen as retaliation for Disney CEO Bob Chapek announcing in late March the company would fight against the “Parental Rights in Education Act” DeSantis signed on March 28.
The Reedy Creek Development District basically gave Disney the power to act as local government on its lands, and collect taxes from the residents — most of whom are its own employees. Now, it’s scheduled to be dissolved next June, when the Florida state government will likely take direct control. Reedy Creek also has debts of at least $776 million, which DeSantis has vowed won’t be paid off by taxpayers. It turns out Disney could pay a high price for its woke ideology.
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