WA Senate Democrats are talking about an income tax. Plus: social security, unemployment, higher ed, and the Republican tax-cut budget

April 2, 2009 | Alex Stone

WA Senate Democrats introduce income tax bill: Senate Democrats introduced a bill Wednesday that would impose a 1 percent income tax on people making more than $500,000 a year. | seattlepi.com

Recession Puts a Major Strain On Social Security Trust Fund: The U.S. recession is wreaking havoc on yet another front: the Social Security trust fund. | Washington Post

New jobless claims jump unexpectedly to 669,000: The number of people filing new jobless claims jumped unexpectedly last week, while those continuing to receive benefits hit a 10th straight record-high. Both figures show the labor market remains weak and is unlikely to recover anytime soon, despite some signs the economy’s decline is moderating. | Seattle Times

John D. Warner: Higher Education Funding: It’s fundamental: I know a sure fire way to prolong the impact of a recession well beyond the time when the economists declare it’s over: Cut our funding in higher education to the extent that enrollment will be reduced. | seattlepi.com blog

Republicans offer tax-cut budget: U.S. House Republicans on Wednesday offered a budget vision sharply at odds with the Democratic proposal, calling for sweeping tax cuts, major changes in Medicare and a suspension of the economic-stimulus program. | Seattle Times

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Posted in Retirement Security, Social Security, State Economy, Tax and Budget, Work & Family

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