Seattle Executives Join Opposition to New Tax to Fund Housing

More than a hundred Seattle executives and investors are joining Amazon.com Inc.’s previous opposition to a proposed city tax on large employers to fund programs addressing homelessness and housing affordability.

In a letter to the city council, the group said the tax is “misguided” because companies would be punished for their job growth. “This is like telling a classroom that the students who do the most homework will be singled out for detention,” they said in the letter released Tuesday.