Statement in favor
Written by Bruce Harrell, Alexis Mercedes Rinck, Tanya Nguyen yesseattleprop2.com
This measure will make Seattle’s tax code more fair, reduce taxes for small and neighborhood businesses, and protect investments in housing, public safety, and social services from devastating Trump cuts. With a modest shift in Seattle’s Business & Occupation Tax (B&O) to the city’s largest corporations, Proposition 2 reduces the burden on 90% of Seattle employers, and eliminates city B&O taxes for over 75% of our smallest businesses. This relief will help struggling retailers and restaurants citywide, stabilize consumer prices, and protect local jobs. While tax relief for small businesses is permanent, other provisions sunset in 2033, ensuring we can adjust policies to meet the economic needs of our city. All funds are subject to audits for accountability. Proposition 2 will help safeguard our city from Trump’s cuts by protecting programs working class families depend on and keeping vulnerable people housed and fed. Without these programs, our overdose crisis and homelessness emergency will get worse. This innovative proposal is endorsed by employers – including voices for women and minority-owned businesses– as well as unions, Mayor Bruce Harrell, Councilmember Alexis Mercedes Rinck, and leaders in the fight for tax fairness. Please vote Yes on Proposition 2. Rebuttal of statement in opposition Seattle’s small businesses keep neighborhoods alive and provide local jobs. Prop 2 delivers real relief by eliminating B&O taxes for firms under $2 million about 3 of 4 so they can pay workers, cover rent, and stay open. The largest 10% of companies will contribute more, generating $80–90 million a year for safer streets, transportation, housing, and human services. That fair balance supports small shops and vital services. Vote Yes to protect jobs and keep Seattle strong.