US Economy

Cities are clamoring to offer Amazon tax incentives for HQ2 — that may be a bad idea

Local governments are offering millions for Amazon's HQ2, but it may be a bad deal
VIDEO6:5806:58
Local governments are offering millions for Amazon's HQ2, but it may be a bad deal

Amazon's search for its HQ2 has created a bidding war between cities and states worth millions or even billions. These types of tax incentives have a long history in the U.S., but experts question their efficacy. Watch this video to learn why.