San Francisco to Tax Big Businesses to Raise Money to Help Homeless

Galtero Lara
Noviembre 8, 2018

San Francisco residents opted on Tuesday to slap a tax on the city's big businesses to fund services for the homeless. Businesses with over $50 million in gross annual receipts would be taxed at about 0.5 percent and those with over $1 billion in gross annual receipts would pay 1.5 percent of payroll expenses. Let the city come together in Love for those who need it most! Just weeks before the election, the United Nations singled out the issue of homelessness in San Francisco as being "cruel and inhumane" and "in violation of human rights".

Prop. C expects to raise as much as $300 million for homelessness services, almost doubling what San Francisco now spends to help the estimated 7,500 individuals and 1,200 families living on its streets. It'll go toward new permanent and short-term shelters, mental health services and preventive measures for the city's estimated 7,500 individuals and 1,200 families living on its streets.

ASSOCIATED PRESS Salesforce CEO Marc Benioff led the push for passing Proposition C in the tech community.

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The measure, called Proposition C, won by a vote of 60-40 percent, according to the San Francisco Chronicle.

The city already taxes businesses on the total amount they receive each year.

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