Supes approve payroll tax break for Twitter

A 1.5 payroll tax break for new hires in the Mid-Market area, a proposal designed to keep Twitter in San Francisco, was approved a in a second and final vote Tuesday by the Board of Supervisors. The vote was 8-3. Supervisors John Avalos, Ross Mirkarimi and David Campos opposed it.

Avalos, who just announced his run for mayor Monday, said people on the street were coming up to him and thanking him for opposing the tax break proposal. Avalos aid he was “afraid” that the approval “erodes people’s confidence in our business tax in general” and sets a precedent now for “other companies to come forward that want to try and get the same deal that people in central market and twitter are getting.”

Following the vote, Board of Supervisor President David Chiu, who is also running for mayor, sent out a statement: “The Board of Supervisors today strongly demonstrated that we want to bring jobs and economic activity to the Central Market and Tenderloin neighborhoods. Twitter’s commitment to stay in San Francisco shows that we can keep the key companies that are driving our innovation economy here where they belong.”

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