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Seattle City Councilmember Sawant says
her tax on big businesses would raise
$300 million a year

Original Article

Posted By: Ron_lfp, 2/13/2020 10:59:30 AM

Seattle City Councilmember Kshama Sawant outlined her new proposal Wednesday for a tax on big businesses such as Amazon, saying she intends to introduce legislation that would impose a payroll tax of 1.7% on the largest 3% of Seattle corporations, as measured by payroll in the city. The tax would apply to about 825 companies (those with at least $7 million in annual payroll) and would raise $300 million a year, Sawant said, citing work by the council’s central staff. Supermarkets would be exempted. She said her plan would direct 75% of the money raised by the tax to build affordable housing and 25% to

Comments:

Sawant continues the City's war on employers. Especially those that pay too much.

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Reply 1 - Posted by: Carmen 2/13/2020 11:02:36 AM (No. 317148)
Business and corportations don't pay the increase in taxes, you do.
15 people like this.

Reply 2 - Posted by: msts 2/13/2020 11:03:16 AM (No. 317149)
"Seattle City Councilmember Sawant says her tax on big businesses would raise $300 million a year"...Until they leave the city.
19 people like this.

Reply 3 - Posted by: jimincalif 2/13/2020 11:05:20 AM (No. 317152)
Might call her an "idiot Sawant".
32 people like this.

Reply 4 - Posted by: john56 2/13/2020 11:09:25 AM (No. 317155)
This proposal is supported by Seattle suburbs waiting for the large employers to move much of their operations into their communities from their former Seattle digs.
8 people like this.

Reply 5 - Posted by: farmwife 2/13/2020 11:15:29 AM (No. 317164)
Wanna bet? Get ready Texas and Florida, more businesses are headed your way.
10 people like this.

Reply 6 - Posted by: JunkYardDog 2/13/2020 11:31:53 AM (No. 317181)
Kshwama feels that taxing businesses are like a piggy bank to be raided, like all Democrats do. Of course, it would NEVER OCCUR to her to decrease spending in other areas. This is socialism in action, folks. Screw the Democrats in November! ALL OF THEM.
13 people like this.

Reply 7 - Posted by: snowoutlaw 2/13/2020 11:33:46 AM (No. 317183)
Many cities give tax breaks so companies move in, then they impose taxes so they will move out? "If San Francisco can do it, Seattle can,” Got to love that logic.
4 people like this.

Reply 8 - Posted by: hurricanegirl 2/13/2020 11:36:14 AM (No. 317188)
Next, she'll demand that the companies are FORBIDDEN to move out of Seattle. Nice little dictator you've go there! P.S. If this doesn't work, perhaps Ka-SHAM! can drain Seattle people's retirement accounts.
9 people like this.

Reply 9 - Posted by: DVC 2/13/2020 11:46:12 AM (No. 317201)
Thankfully, the Seattle Times doesn't appreciate my ad blocker so I don't have to read their tripe. Not all immigrants are a benefit to the country. This Sawant person is a perfect example of how the country would be so much better off without her destructive, incompetent leftist harm.
8 people like this.

Reply 10 - Posted by: LC Chihuahua 2/13/2020 11:53:15 AM (No. 317209)
No they won't. They will leave or go out of business costing jobs or they will pass the tax hike on to their customers if they can afford to do that. They would use 75% of the tax revenue to build affordable housing...for all those people leaving the area because there are fewer jobs and too expensive to live there. The other 25% would be to convert houses from gas and oil to electric...even though electric uses fossil fuels too. But at the end of the day she can claim to be a good little lefty saving the planet. Wonder if Bloomers supported this idiot's run for City Council.
1 person likes this.

Reply 11 - Posted by: Gruntmedic 2/13/2020 12:34:58 PM (No. 317279)
Not if they move out of Seattle. There are plenty of places outside of King county and Seattle, who would take and probably give tax breaks for moving.
3 people like this.

Reply 12 - Posted by: bad-hair 2/13/2020 12:39:41 PM (No. 317286)
Cute story, cute but true. If you drive west over the Louisiana border into Texas you will see a road sign that says Beaumont 23 El Paso 872. We have plenty of room for Seattle businesses that have had enough already.
4 people like this.

Reply 13 - Posted by: KatieJo 2/13/2020 12:47:55 PM (No. 317293)
If I was running for office I think I would propose a tax on government employees just for the fun of it. Maybe tax breaks for the rich while I'm at it. Fun to see heads explode......
2 people like this.

Reply 14 - Posted by: lisa belanger 2/13/2020 12:59:19 PM (No. 317317)
they are from india and are socialist seattle deserve what they vote 4
2 people like this.

Reply 15 - Posted by: LadyChurchillUSA 2/13/2020 1:08:28 PM (No. 317331)
I guess she hasn't heard of this new innovation called the moving van. What a nitwit.
3 people like this.

Reply 16 - Posted by: JediJerry 2/13/2020 1:11:57 PM (No. 317335)
Wow, that would be almost a million a day to spend on hotels meals and Uber rides to the free medical clinics for the homeless. Such a deal they have for you!
0 people like this.

Reply 17 - Posted by: Venturer 2/13/2020 1:20:27 PM (No. 317344)
Democrats are like the bank robber who was asked why he robbed banks. He said because that is where the money is. Democrats know that their voters will go for hosing down big business because that is where the money is. The problem is thta Democrat followers are too dumb to realize that when you tax big business you are taxing consumers. All of that money will come from the pockets of the consumer. The people who Democrats fooled into agreeing to tax big business.
0 people like this.

Reply 18 - Posted by: Smart11344 2/13/2020 1:31:50 PM (No. 317362)
The Seattle City Consel probably sais only $300 Million. We can do better than that. Honestyly, it will be delightful to see many companies and corporations leave Seattle.
1 person likes this.

Reply 19 - Posted by: Clinger 2/13/2020 2:18:43 PM (No. 317407)
Well actually no. Let's pretend that they will stay put shall we? If they know how to run their businesses they understand price elasticity of demand and they are maximizing profits at current prices. Any attempt to increases prices to continue to make the business worth their while will result in lost sales. A small loss in sales has a larger impact on profit due to fixed costs, you'll have a higher tax rate on lower profits. Profit is secret code for "better off." You are better off by going to work because you are paid above your costs of going to work . The only way a business is better off for engaging in enterprise, the only reason to go to work is for a profit. Their profit is your salary, comprende? What would you do if your boss cut your salary, just say thank you may I have another? Would you go down the street where you could get back to your pay rate or just accept things? Then let's stop pretending, many will leave the state. Congratulations on allowing your greed to kill your state.
1 person likes this.

Reply 20 - Posted by: Clinger 2/13/2020 2:20:08 PM (No. 317409)
I mean city in #19
1 person likes this.

Reply 21 - Posted by: lakerman1 2/13/2020 4:47:21 PM (No. 317551)
many, if not most of homeless people don't want to live in a home, because they are mentally ill, drunkards, or drug addicts, or they occupy all three categories. Building housing for them will not do anything for them. Many of them should be protected by involuntary commitment to mental hospitals. Building those hospitals would be the best expenditure of tax money.
1 person likes this.

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