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. »
