Washington’s families, workers, and businesses deserve a tax system that improves our quality of life.
From roads and utilities to schools and parks, police and firefighters to safety inspectors and environmental scientists, everyone benefits from steady investment in public structures that yield well-educated citizens, profitable businesses, safe communities and a healthy environment.
But our state suffers from a structural deficit, with tax revenues over time growing at a slower pace than the economy and demands for public services. By failing to capture revenue from a changing economy, we are starving our economy of the very resources we need for long-term growth and broad economic opportunity.
Washington needs new sources of revenue to support investments in early learning, K-12 and higher education. EOI is putting forward concrete proposals for new sources of revenue to bring our education system up to modern standards, support important public investments, while making our tax system more equitable for everyone.
UPDATED
02.05.2010 | These fact sheets summarize a budget solution
that closes Washington's $2.7 billion shortfall this year -- and
provides long-term budget stability in future years. By closing tax
exemptions that no longer serve a compelling public purpose and carefully
choosing new sources of revenue, lawmakers can stabilize funding
for quality schools, affordable health care, a safety net for the
most vulnerable, affordable housing, public safety, and a clean environment.
This responsible approach will help balance the state budget without
eroding the high quality of life that makes our state a great place
to live, work, raise a family and do business.
01.14.2010
| Washington State is losing an estimated
44,000 private and public sector jobs
due to billions of dollars in state budget
cuts in 2009 – and further cuts could
axe another 33,600. By contrast, a combination
of new state taxes and federal aid to fill the state’s budget gap
could save up to 30,000 jobs.
03.12.2009 | Crosscut | They say that when God closes a door, he opens a window. Some people certainly hope that Washington’s current budget crisis, which seems to have slammed so many doors, has pried open the long-stuck window through which an income tax could slip into this state. At the very least, the budget crisis has forced key legislators to talk seriously about a tax increase.
EOI’s analysis and public education efforts have supported new funding to expand the Basic Health Plan for low-income working adults, boost educational achievement, and repair our roads. We’ve helped slow down the proliferation of special interest tax breaks and raised interest in modernizing our tax system and making it fairer.
Taxing high incomes can reduce regressive taxes, ease the structural deficit, and improve public services.
Expanding the sales tax to selected goods and services may be the simplest way to expand Washington’s tax base.
Taxing windfall profits will help our state get on the road to sustainable development while improving our domestic and economic security.
Tax exemptions add up to a lot of money that could instead improve public services to help all businesses prosper.
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work is licensed under a Creative
Commons Attribution-Noncommercial-Share Alike 3.0 Unported License
from the Economic Opportunity Institute. Liquid layout
thanks to Matthew James Taylor.
