Lawrence: Ron DeSantis Is $1 Billion Stupider Than We Thought - YouTube

Channel: MSNBC

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i would like to as they say in the
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senate revise and extend my remarks on
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monday i asked you to consider how
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stupid the new florida law is that
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repeals disney's special tax status in
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the state i would not like to revise and
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extend those remarks to make the point
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that it is much much
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stupider than i thought
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by monday we realized that the repeal of
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disney's special tax and operating
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status in florida meant that the tax
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bill for public services provided in and
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around disney properties was going to
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fall on the two counties in florida that
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surround disney world that meant that a
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163 million dollar burden was suddenly
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going to be shifted from disney and land
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on two neighboring counties where the
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tax collector in one county estimated
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that property taxes would have to be
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raised by 25
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it is becoming clear tonight that that
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will probably never happen because the
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new profoundly stupid law will never go
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into effect because pre-existing florida
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law
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makes it impossible for florida to
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repeal disney's special status until all
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of the bond debt
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of disney's reedy creek improvement
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district has been paid off
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and the earliest that could possibly
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happen is 2029. the vindictive law
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passed by the republican florida
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legislature and signed by florida's
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republican governor who wants to be
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president was passed for no reason other
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than the publicly admitted fact that the
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governor does not believe that anyone
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working at disney should be allowed to
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publicly object to anything the florida
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government does including the new law
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championed by the governor which
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prohibits any discussion of human
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sexuality in pub for by public school
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teachers through grade three the repeal
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of the existence of the reedy creek
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improvement district which is the entity
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that disney runs in order to administer
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its properties in florida
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will not take place for another year
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that's the way the law is written
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doesn't take effect for another year in
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that year florida's governor
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is now hoping that everyone forgets
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about this profoundly stupid law because
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the florida legislature will surely at
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some point be forced to quietly repeal
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it if that can be done quietly
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and that's not just because it would
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dramatically increase property taxes
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around disney world it is because the
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law illegally violates a contractual
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promise made by the state of florida in
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establishing the reedy creek improvement
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district in 1967 when disney began
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building disney world in authorizing
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reedy creek to issue bonds in 1967 the
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florida law says the state of florida
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pledges to the holders of any bonds
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issued by the district that it will not
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limit or alter the rights
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of the district until all such bonds
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together with interest thereon are fully
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met
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and discharged
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reedy creek currently has
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one
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billion dollars in bond debt that one
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billion dollars in bond debt would also
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become the burden of the neighboring
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counties if the anti-disney law went
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into effect but the law is
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unconstitutional both in the state of
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florida and in the united states
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florida's constitution and the united
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states constitution do not allow
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governments to enter into contracts that
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they then simply revoke by passing a new
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law
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florida attorney jacob schumer writes
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florida simply cannot promise to
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prospective bondholders that it won't
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interfere with reedy creek and then
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dissolve reedy creek so
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dissolving reedy creek is not just a
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163 million dollar tax problem for the
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neighboring counties it is also a one
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billion dollar bond debt problem for the
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neighboring counties and the man
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who signed his name to the symbolic and
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vindictive law repealing the existence
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of reedy creek
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did not know that when he signed it he
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signed
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in effect the biggest tax increase
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ever visited upon
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any state
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without knowing that that's what he was
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doing
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governing does not get stupider than
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that and everyone working for republican
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governor ron desantis and every
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republican working in the state
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legislature who supported this bill and
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their staffs are all one billion dollars
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stupider than i thought they were when
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this week began
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jeff brandes is a republican state
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senator from st petersburg who opposed
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this legislative attack on disney he
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said this was shock and awe from the
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governor
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now it's time for the governor to be
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shocked and awed by his
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1 billion
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163 million dollar tax increase on
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florida taxpayers he will always have it
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on his record that he wrote such as
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profoundly stupid tax law signed it into
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law
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but the buffoons in the florida
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legislature will at some point next year
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have to repeal it
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the rank stupidity of it all by all of
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them
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should never be forgotten
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[Music]
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you