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Disney Says DeSantis’ Move Leaves Florida Taxpayers on the Hook for Two Billion Dollars

Disney Says DeSantis’ Move Leaves Florida Taxpayers on the Hook for Two Billion Dollars

The Walt Disney V Ron DeSantis brawl remains one of the more fascinating political disputes out there right now. On the one side you’ve got the Governor of Florida, stripping the world’s most famous theme park of a special tax status it’s enjoyed for 55 years. On the other side, you’ve got Disney, desperately trying to navigate the tension of being the world’s most inoffensive company while picking on a fight with a serious future contender for the White House.

Critics say DeSantis’ move to strip Disney’s special tax status — a unique division known as Reedy Creek — is retaliation for Disney denouncing Florida’s so-called “Don’t Say Gay” bill following an employee walkout. Democrats are warning that the move could leave Floridians on the hook for Disney’s $2 billion bond debt and, in fact, some lawyer believe DeSantis’ bid to strip Reedy Creek may not pass legal muster because of the tax burden it would place on residents.

If the move goes ahead, Reedy Creek leadership itself is a little unclear about what would happen. Its 400 employees would lose their jobs and benefits, which has them concerned. “For our retirees who plan their lives and their finances around a benefit that they were promised for life, this is incredibly concerning,” Reedy Creek fireman Jon Shirey told the Orlando Sentinel.  ‘There’s a lot of things that are still left to be answered to, like what is the governor’s plan or what is the Legislature’s plan and how they envision this going down.”

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