REPORT: The homeless tax proposal and how it faired Tuesday

NOVEMBER 7, 2018

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As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by CNBC:

The controversial San Francisco “homelessness tax” that divided the tech industry passed, according to poll tallies Tuesday night.

Proposition C will increase gross receipts taxes for companies with more than $50 million in annual revenue by an average of .5 percent, generating up to $300 million a year to combat the city’s homelessness crisis through initiatives like new beds in shelters and increased mental health services.

The article goes on to state the following:

Prop C had both vocal proponents and vehement detractors in the tech industry.

To get more information about this article, please visit CNBC. To weigh in, leave a comment below.

2 Comments

  1. Crazyinarizona November 7th, 2018 at 1:49 pm

    Hey, hitech, u might want to consider relocating your businesses to more commerce-friendly states and leave Little Venezuela choking on her feces.

    Reply

  2. wiaka November 8th, 2018 at 5:26 am

    This money won’t ever get to the homeless, the state will pocket just like they do everything else they tax. It’s time to move out of this state.

    Reply

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