Seattle’s City Council recently approved a measure to impose new taxes on the city’s largest employers. Under the new law, companies earning more than $20 million in annual revenue would be required to pay $275 per employee each year. Amazon’s share alone could bring in more than $10 million annually with its 40,000 employees. All told, the new plan could bring in more than $50 million in funding for the city. It was approved after a 9-0 vote. In a separate vote yesterday, the council approved (5-4) spending two-thirds of the new tax revenue to build and operate low-income housing units.…

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