UNITED NEWS INTERNATIONAL (UNI) — Seattle passed a plan to tax big companies in order to help fight homelessness and now its largest company is questioning its future in the Emerald City.
City Council passed the head tax bill May 14.
Any businesses making over $20 million a year in gross revenue will be taxed $275 per employee.
The tax is expected to generate $47 million a year over the course of its five-year lifespan.
That revenue will be put toward the construction of affordable housing, providing health services and city cleanup.
Amazon employs more than 45,000 people in Seattle, making it the city’s largest employer.
Amazon Vice President Drew Hardener said the company will continue building only one of its two new downtown offices now that the tax passed.
Hardener blamed Seattle’s financial woes on bad spending decisions and said the new tax “forces us to question our growth here.”