Seattle Slaps Big Business With More Taxes To Pay For The Poor
The Daily Caller’s Vince Coglianese and Stephanie Hamill talk about President Donald Trump making good on his promise to move the U.S. Embassy to Jerusalem, White House leakers, the first lady’s recent surgery and the Seattle tax showdown on this episode of The DC Today.
Executives at Amazon, Starbucks and other large businesses with operations in Seattle, Washington are fuming over the newly approved “head tax” passed unanimously by the city council.
The city council says the money will be used to address the homeless crisis in the city and is expected to raise $48 Million a year for the cause.
“This is hilarious, two of the biggest and most liberal companies in the U.S. now want to tap out because their cities are too liberal,” Coglianese said.
Businesses making more than $20 million in gross revenues will have to fork over an extra S275 per full-time worker each year.
Amazon released a statement saying it is disappointed in the city council’s decision to introduce a tax on jobs. Amazon went on to say that the city doesn’t have a revenue problem, it has a spending efficiency problem.
“Now all of a sudden these companies don’t like democrat tax polices? The Democrat party is the party of higher taxes,” Hamill said.