“The largest three percent of Seattle’s businesses would have been subject to the tax, charged with paying $275 per employee per year. The tax was dubbed the “Amazon Tax” because Amazon, now the second-richest corporation in the world and led by a CEO with a net worth of $140 billion, would have supplied about $13 million of the city-wide fund. All together, the city would have raised $47 million annually to build affordable housing in a city with a median rent of over $2,000, and support the city’s homeless population of more than 11,000. Since 2012, almost 700 homeless residents of King’s County have died. . .
“An hour of public comment was filled with activists’ yells of ‘We are ready to fight! Housing is a human right!’; ‘Stop the repeal!’; and ‘Let us speak!’ But No Tax on Jobs representatives were not absent from the hearing. ‘We’re tired of not seeing results, and not knowing where the money is being spent,’ said Julie Hall, a volunteer who collected 500 signatures for the organization.”
FULL STORY published June 12, 2018 via CityLab