(Photo by David Ryder/Getty Images)
Seattle City Council passed a landmark big business tax Monday, a move that one economist warns could drive companies like Amazon east into Bellevue.
According to Windermere Chief Economist Matthew Gardner, it might have served Seattle better to focus on a tax applied regionally.
“As much as these things might make sense, they need to be applied on a regional, not citywide basis,” Gardner told KIRO Radio’s Dave Ross. “… I’m not a fan of jurisdictions autonomously or independently trying to take on these kind of scenarios because all it does is it functions to push people out.”
The tax, dubbed “JumpStart Seattle” and sponsored by Councilmember Teresa Mosqueda, was first