Microsoft backs corporate tax to help the homeless in Seattle
Microsoft backed a bill that would tax businesses more to help the homeless.
What you need to know
- Microsoft backed a bill that would impose a corporate tax to help the homeless in Seattle.
- Amazon, Costco, Alaska Air, Expedia, Starbucks, and other corporations also backed the bill.
- The revenue from the new tax would be earmarked for affordable housing, homelessness services, and public safety.
Microsoft joined several large Seattle-based corporations in backing a bill to help the homeless. The bill would impose a tax on big businesses and employees who make more than $150,000 per year. The income from the new tax 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 bill. Bloomberg first reported on the joint effort to back the bill.
The companies issued a statement that emphasized that a local solution should be used to address a local issue,
The Washington State bill would allow King County to impose the taxes on companies. King County is the home 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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Sean Endicott brings nearly a decade of experience covering Microsoft and Windows news to Windows Central. He joined our team in 2017 as an app reviewer and now heads up our day-to-day news coverage. If you have a news tip or an app to review, hit him up at firstname.lastname@example.org.