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Seattle City Council's Lone Socialist Is Reintroducing Her Amazon Tax

Added 02-14-20 10:21:02am EST - “A previous version of the tax was repealed a month after it was passed in 2018.” - Reason.com

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Posted By TheNewsCommenter: From Reason.com: “Seattle City Council's Lone Socialist Is Reintroducing Her Amazon Tax”. Below is an excerpt from the article.

Seattle's Amazon tax is trying to come back. On Wednesday, the Rainy City's lone socialist councilmember, Kshama Sawant, announced a plan for a tax on the city's largest employers to fund affordable housing and Green New Deal–style home renovations.

"This will not only transform the lives of Seattle's working people, it will set a historical marker for cities around the nation," said Sawant. "It's more than reasonable for the biggest, richest companies in our city to pay zero-point-three percent of their revenue to do their part to address our city's crushing housing crisis."

Her tax proposal would levy a 1.7 percent tax on the payrolls of Seattle's 825 largest businesses. She expects this to raise $300 million a year.

This money would fund the construction of 8,000 new affordable homes and retrofit an additional 47,000 units to meet "Green New Deal" standards, which involves converting them from gas or oil to electric systems.

Grocery stores, public employers, and nonprofits would be exempted from the tax, but Seattle's largest private employer is very much targeted by it.

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