Everett City Council B&O Tax Overhaul Sparks Supply Chain Concerns

A letter published in the Daily Herald addressed the City Council’s upcoming B&O tax overhaul in Everett. The writer noted that while raising the tax exemption threshold to $250,000 would help small businesses, spiking B&O tax rates by 50% on wholesalers and service providers could have consequences for supply chains.

The proposed tax changes involve a trade-off between providing financial relief to local small businesses and the risk of increased costs being passed down the supply chain. The writer noted that families are already facing high grocery prices and stretched household budgets.