New proposal would tax big businesses to fund affordable housing, coronavirus relief

[Yo_Mama_Been_Loggin]

A Seattle City councilmember this week proposed a new payroll tax on large corporations to help provide relief as the city begins its financial recovery after the novel coronavirus pandemic and to create more affordable housing moving forward.

The "JumpStart Seattle" plan proposes a tax on corporations with payrolls of $7 million or more and employees with salaries of $150,000 or more. It is estimated it will generate about $200 million.

Councilmember Teresa Mosqueda said in putting together the plan, she and her team worked with hundreds of people in Seattle and a variety of different organizations.

The coronavirus pandemic didn't cause the economic crisis alone, Mosqueda said.

https://www.seattlepi.com/coronavirus/article/new-tax-proposal-big-businesses-affordable-housing-15347808.php?utm_source=newsletter&utm_medium=email&utm_content=headlines&utm_campaign=spi_itsintheseattlepi

[abqtommy]

1. 200 million bucks is chump change. Tax 'em 'til they squeal and generate some big bucks.

[I_UndergroundPanther]

2. Make the corporate "person's" pay

Thier 90% share and tax the rich,90% like in the 70's
Nobody should have so much money they buy our government just to destroy it with thier greed and sick neo liberal bullshit.