As companies are struggling to rebound in Seattle after months of closure the Seattle City Council recently passed a jobs tax on employees making $150,000 or more. The state Legislature should reject adopting a similar statewide payroll tax.
Ideas that begin in Seattle often make their way to the state Legislature. Such taxes threaten to discourage hiring and expansion or relocation to our state. The state should redistribute its financial resources to avoid further burdening the business community, upon which it already relies on sales taxes for about half of the state’s general fund budget. We believe it is bad policy to lean on companies during a recession and pandemic that has cost most businesses.
Washington Retail urges the state Legislature to reject adopting a payroll tax similar to one approved in Seattle earlier this year.