JumpStart Tax Under Fire

A new report from the Downtown Seattle Association claims the city’s JumpStart payroll tax is stifling economic growth, pointing to Bellevue’s booming job market and rising property values as proof. Since 2020, Seattle’s downtown has lost 30,000 jobs and seen commercial real estate plummet 48%, while Bellevue’s economy thrives without the tax. Though Mayor Katie Wilson credits the tax with helping post-pandemic recovery, she admits Seattle’s downtown faces broader challenges like inflation and remote work. The association isn’t calling for the tax’s repeal, but warns against new business taxes, stressing that predictability is key for investment. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fc033578e58708ee