Wilson wants new Seattle taxes for big business and the wealthy

(The Center Square) – Seattle Mayor Katie Wilson is considering new taxes on large businesses and wealthy individuals.

Wilson told a community forum on Friday night that the taxes could help fill a gap in the city’s 2027 budget, which has been estimated at up to $140 million.

“And my team is very hard at work looking for progressive revenue options, taxing the rich, taxing big business in a way that we think will be politically viable and practical,” she said.

Wilson didn’t offer any specifics during the meeting at Town Hall Seattle.

However, during her campaign for mayor last year, she said that Seattle should expand the payroll tax on higher-wage companies, called JumpStart, and implement a local capital gains tax to raise funds from the wealthiest individuals, supplementing the state capital gains tax.

“We must also explore ways to raise more revenue from the wealthiest corporations through JumpStart and other mechanisms–while carefully considering indications that s...