‘Catastrophic’: Seattle Nearly $50 Million Short on Taxes as Jobs and Residents Stream Out of the City
The city of Seattle, Washington, is short about $47 million on its tax collections as jobs and residents flee the disastrous, Democrat-led city.
“Today’s announcement that PET revenues collected in 2024 were $47 million lower than projected requires action to ensure our budget remains balanced,” Seattle Mayor Bruce Harrell explained in a statement, according to MyNorthWest.
The mayor added that the city is falling very short of its needed budget thanks to the falling payroll tax take.
Talks show host Jason Rantz ripped the city leadership.
Will this presidential election be the most important in American history?
“What people haven’t realized yet—but soon will—is that the sharp drop in payroll expense tax revenue means jobs are leaving Seattle,” Rantz said. “The whole point of the PET was to squeeze ‘free’ money out of businesses because the city arrogantly assumed it held all the cards. But what did PET actually do? It pushed Amazon jobs to Bellevue, kept employees working from home (and out of Seattle), and helped fuel layoffs at companies hit hardest by the tax—like Expedia.”
“Businesses pay far more than their fair share and offer Seattleites high salaries that the city uses on wasteful, ineffective programs,” Rantz added. “Harrell knows big business already pays ‘their fair share’ but offers his silly quote to try to villainize them, while lionizing his own efforts to go after the businesses he pretends are greedy. But he’s the greedy one: he wants more money that he didn’t earn so he can continue to misspend it. And he’ll target businesses as greedy or deceitful so it can help his re-election campaign.”
This is what happens when Democrats are in charge. Tax rates soar, jobs flee, residents move away, and tax revenue craters. Then, instead of cutting spending and reassessing, Democrats raise taxes again and it starts all over again.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, X at WTHuston, or Truth Social at @WarnerToddHuston.
Cross-posted with The Lid
Related:
- Seattle Public School Kids Told Proper English and Grammar is ‘White Supremacy’
- Allowing Lawlessness – When Pro-Palestinian Protesters Took Over a Seattle Freeway
- Seattle Student Fails Quiz For Answering Question CORRECTLY — Controversy Erupts
- Did Seattle Self-Destruct After Defunding Police?
- ‘Peaceful Protester’ Arrested in Seattle For Torching Police Car — With Officer Still Inside!
Make social media great again! After years of government-sanctioned, taxpayer-subsidized censorship, free speech and a free press are coming back, much to the chagrin of freedom-hating totalitarian leftists everywhere. Progress has been made, but much more needs to be done. Follow our NEW Facebook page here and help spread the word. You can also check out our MeWe page here, follow us on Gab, Truth Social, Twitter, and at the social media site set up by members of Team Trump, GETTR.
Bookmark this site, sign up for our newsletter, check back often, and feel free to contact us here with tips or comments.
While you’re at it, be sure to check out our friends at Whatfinger News, the Internet’s conservative front-page founded by ex-military!
And be sure to check out our friends at Trending Views:
