Seattle plans to tax businesses to fight homelessness

Seattle plans to tax businesses to fight homelessness

"I remain committed to a region-wide response to the homelessness crisis, and I look forward to One Table's final recommendations and tackling the work ahead".

The tax would begin in 2019 and raise about $48 million a year to pay for affordable housing and homeless services. It's lower than the $500-per-worker tax initially proposed.

According to its website, Amazon estimates its investments in Seattle from 2010 through 2016 resulted in an additional $38 billion to the city's economy and claims to be the largest private employer in the city.

Jacob Vigdor, who is the public policy professor, also said that the governing body is incapable of bestowing a proper justice to the progressive tax.

The city spent $68 million on homelessness previous year, and some said they wanted to see the city prioritize its money better.

Amazon raised the stakes last week when it halted construction planning on a 17-story tower near its hometown headquarters as it awaits a tax vote. It also was rethinking filling office space in another leased building. "They are dying on our streets today because there is not enough shelter" and affordable housing.

Seattle City Council members on Monday narrowly defeated a scaled-back version of the proposed tax supported by Mayor Jenny Durkan.

As Ed pointed out earlier this month, the battle over the tax is being waged between one of the nation's largest companies and one of the nation's most socialist city councils.

"Big businesses like Amazon have many tactics to avoid paying their fair share of taxes, and it has required true dedication and sacrifice from hundreds of us to bring us to this point". So perhaps there will be a compromise that convinces one of the council members who opposes the larger tax to join the council majority.

And, they made noises about looking at other cities for it's second corporate headquarters site and other operations as well. Some see it as a warning to those contenders.

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ADOLPH: A man who identified himself as a business owner said the city is going to chase more than Amazon away.

The ordinance will impose a $275-per-employee tax on for-profit companies in Seattle that make $20 million or more. The Seattle region had the third-highest number of homeless people in the USA and saw 169 homeless deaths previous year. The Seattle region had the third-highest number of homeless people in the USA in 2017.

And the tax would expire after 5 years. But even if the tax passes tomorrow and Seattle doesn't leave town, it's possible that other companies will.

Seattle does not have an income tax because it's prohibited under Washington state law. Most recently, they approved a $290 million levy in 2016.

"We could not find the votes we needed", he told The Seattle Times. That's about $500 per worker per year. "I think they will". How much are people willing to pay for local bread?

Seattle is far from the only big city to have wrestled with increasing populations of homeless people, however, as housing costs have risen in recent years.

"All companies that do well and want to partner with our city should have a place here to be prosperous, but that prosperity needs to be shared", he added.

Seattle and King County declared a state of emergency over homelessness in 2015, but since then, cost-of-living pressures have worsened. "Show us a plan".

"This legislation will help us address our homelessness crisis without jeopardizing critical jobs", Durkan said.

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