Katie Wilson Defends Tax That Killed 30K Seattle Jobs As Bellevue Booms

Five years after Seattle's JumpStart tax went into effect, the verdict is in — and it's brutal. A new Downtown Seattle Association report confirms the city has shed approximately 30,000 downtown jobs while the taxable value of its commercial office buildings has collapsed by 48%. This isn't a pandemic hangover or a national trend. Bellevue, twelve miles away across a couple of bridges, has no JumpStart tax and is thriving — adding jobs, filling offices, and watching its property values climb.The math was never complicated. When you pile a targeted payroll tax on your largest employers — Starbucks, Amazon, and the top ten firms that account for roughly 70% of JumpStart revenue — you hand them a reason to leave. And leave they did, right across Lake Washington to a city that doesn't punish growth. Seattle threw away the tax base; Bellevue picked it up.Mayor Katie Wilson's response to the report? Blame Trump. Blame federal housing cuts. Blame interest rates. Four decades of Democratic supermajority control of Washington state apparently enters the conversation nowhere. Sean walks through the full picture: the JumpStart mechanics, Seattle's spending addiction, the insolvency creep building underneath, and why San Francisco, Portland, and Chicago are running the exact same playbook toward the exact same cliff.Subscribe to @reasonablenews for daily coverage of the stories the Seattle press won't touch — and hit the notification bell so you don't miss an episode.#Seattle #GovernmentWaste #KingCountyGO PREMIUM WITH REASONABLE+ FOR UNCENSORED ACCESS 🌟https://ReasonableTV.com/🛍️ MERCH - https://Store.ReasonableTV.com/💬 JOIN our FREE Discord Community! Share stories, chat with fellow enthusiasts, and stay in the loop: https://discord.com/invite/uJGWFpgDcY👍🏼 SMASH that LIKE button & SUBSCRIBE for daily videos that dive into the latest news! https://youtube.com/c/NewsForReasonablePeopleSTAY CONNECTED:🔗 Rumble - https://Rumble.com/c/NewsForReasonablePeople🔗 Facebook - https://www.Facebook.com/NewsForReasonablePeople🔗 iTunes - https://Apple.co/2MkFziJ🔗 Spotify - https://Spoti.fi/2Dh8EoL