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Jeff Bezos Homeless Pledge Follows Amazon Fight Against Housing Tax

  • Amazon helped overturn Seattle homeless prevention initiative
  • City payroll tax would have raised money for programs, homes
Jeff Bezos

Jeff Bezos

Photographer: Patrick Fallon/Bloomberg

Amazon.com Inc. Chief Executive Officer Jeff Bezos’s pledge of $2 billion for homeless families and preschools has little chance of addressing the root cause of a problem often blamed on big technology companies: the shortage of affordable housing.

Bezos announced the plan Thursday in a Twitter post, offering with his wife, MacKenzie, to support nonprofits that provide shelter and food to young, homeless families as well as to launch and operate preschools. The pledge came three months after Amazon helped overturn a proposed tax on large employers in its hometown of Seattle that would have raised about $50 million per year to fight homelessness and create more affordable housing.