Microsoft backs corporate tax to help the homeless in Seattle
Microsoft joined several large Seattle-based corporations in backing a bill to assistance the homeless. The bill would impose a tax on big businesses and employees who brand more than $150,000 per year. The income from the new revenue enhancement would be earmarked specifically for affordable housing, homelessness services, and public safety. Amazon, Costco, Alaska Air, Expedia, and Starbucks were among the several companies that jointly backed the nib. Bloomberg showtime reported on the articulation endeavor to back the bill.
The companies issued a statement that emphasized that a local solution should be used to accost a local issue,
Nosotros retrieve the most loftier impact way to contribute to encounter those needs is in the form of a new business tax imposed at a reasonable level with accountability for results in homelessness and affordable housing." The company continued by saying, "We are encouraged by the try in Olympia that would provide additional affordable housing and services to address the homelessness and public safety crunch but nosotros believe it is critical that this legislation include a regional arroyo to address a regional consequence.
The Washington Land bill would allow King County to impose the taxes on companies. King Canton is the habitation to the headquarters of several major corporations, including Microsoft.
While several factors contribute to homelessness, the rising cost of housing plays a large factor. The income from the bill would help address that issue, along with other issues related to homelessness.
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Source: https://www.windowscentral.com/microsoft-backs-corporate-tax-help-homeless-seattle
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