How to modernize Washington’s tax code and rebuild our local economy

October 24, 2011 | Marilyn Watkins

Revenues to Rebuild Washington’s Economy

Washington legislators will convene a special session this fall to respond to a $1.4 billion drop in the state’s expected revenue for 2011-13, brought on by high unemployment and the lingering recession.

State lawmakers have already slashed billions of dollars from the state operating budget since 2008, crippling individuals, schools, and communities in every part of the state. Meanwhile, tax breaks for the wealthiest people and corporations undercut investments in the education system and infrastructure needed to create jobs and get our economy moving again.

It’s time to modernize Washington tax code by ending tax breaks and expanding the tax base to reflect Washington’s 21st century economy. Here are some options to do that.

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Posted in State Economy, Tax and Budget

Comments

  1. I wish you would consider reforming the B&O tax to create a subtraction method value added tax. Expands the tax base, eliminates the worst leg of the tax structure and replaces it with the best, benefits small business and in-state producers. The web site is http://www.AnswerForWashington.com/. I have yet to hear the reason this won’t work. If you see it, please enlighten me.

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