Supporters of a Seattle tax hike on large businesses chanted “we’ll be back for more” after its passage on Monday. The Seattle City Council…
Supporters of a Seattle tax hike on large businesses chanted “we’ll be back for more” after its passage on Monday.
The Seattle City Council unanimously approved the so-called “head tax,” which will charge large businesses like Amazon and Starbucks $275 per full-time worker each year. It will raise $48 million to pay for services combating the city’s homelessness problem.
In a video flagged by Americans for Tax Reform, advocates holding signs with slogans like “Reject Capitalism’s Race to the Bottom” shouted for further taxes on major companies.
Seattle just told the world that if you bring jobs to Seattle, the tax and spenders in the city will tax them,” ATR President Grover Norquist said in a statement. “A little now. More later. Better to invest in a different city, perhaps a different state.”
Large companies ripped the decision to levy the large tax hike. According to Fox News, it will affect 600 employers in Seattle that make at least $20 million annually in gross revenue.
“The city does not have a revenue problem – it has a spending efficiency problem,” Drew Herdener, Amazon vice president, said in a statement . “We are highly uncertain whether the city council’s anti-business positions or its spending inefficiency will change for the better.”