Seattle’s new ‘head tax’ blasted by city’s mega-corporations - News Summed Up

Seattle’s new ‘head tax’ blasted by city’s mega-corporations


A new tax approved by the Seattle City Council has triggered a fierce war of words between the liberal city and its behemoth corporations usually known for their progressive outlook. That “head tax” is estimated to raise about $48 million -- which authorities are marking for housing and homeless services. Nearly 600 employers — about 3 percent of all Seattle businesses — would pay the tax starting in 2019. In Denver, there is a $50-per-year tax for a full-time employee, while Chicago Mayor Rahm Emanuel scrapped the Windy City’s tax after calling it a job killer. Seattle once had a $25-a-year per head tax, but killed it in 2009 because leaders said it sent the wrong message to businesses during the recession.


Source: Fox News May 15, 2018 16:30 UTC



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