NEWS RELEASE

For more information contact:

Rick Kitson

Director of Communication

rick@cupertino-chamber.org

408-252-7054 x12

For Immediate Release: June 15, 2018

CUPERTINO, CACupertino City Council Considers Taxing Jobs from $150 – $1,500 Per Employee

At its meeting Tuesday, June 19, 2018, at 6:45 pm, the Cupertino city council will consider a variety of new jobs taxes ranging from $150 to $1,500 per employee. This will cost local businesses between $4.1 and $32.4 million, a 400% to a nearly 4,000% increase.

With only five weeks of preparation and almost no community outreach, the Cupertino city council is considering a general revenue tax on businesses for the November 2018 ballot. The meeting agenda outlines a variety of proposed tax rates on employers with more than 99 employees.

While clearly aimed at large employers, other affected businesses will include restaurants, grocery stores, and local retailers.  These large employers are important to Cupertino.  They bring billions in economic activity to our area, their employees support our local small businesses, and they are already the largest contributors to the general fund.

Other communities considering significant business tax increases have held a series of public meetings to develop parameters, goals, and objectives. Through a participatory process, Cupertino can also have a tax proposal that meets specific community needs. Any tax to address a proposed problem must be linked to a proposed solution.

“It is essential that we take the time to understand the unintended consequences of any tax on our diverse and dynamic business community,” said Cupertino Chamber of Commerce Board President, Andrew Walters. “Let’s not rush this for the November ballot and take the time to develop a real solution.”

Join us at the city council meeting to voice your opinion on Tuesday, June 19, 2018, beginning at 6:45 pm, at the Cupertino Community Hall, 10350 Torre Ave., Cupertino.

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The Cupertino Chamber of Commerce is a non-profit business and community advocacy organization with members that employ more than 45,000 people. The Chamber advocates for a vibrant, sustainable and healthy economy and community. For more information visit www.cupertino-chamber.org.

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