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Revenues to Rebuild Washington’s Economy

Revenues to Rebuild Washington’s Economy

October 21, 2011

Washington lawmakers have 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

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Posted in An Inclusive Economy, Progressive Tax Reform

Fact sheet: Public employee compensation

Fact sheet: Public employee compensation

March 2, 2011

Public employee benefits are on the chopping block across the country as state and local governments look for ways to reduce spending. Public revenues remain low due to the lingering effects of the recession and the longer term trend shifting

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Posted in An Inclusive Economy, Funding Public Services

Setting Priorities in Washington: Raising revenue to invest in our future

Setting Priorities in Washington: Raising revenue to invest in our future

January 14, 2011

Continued state budget cuts are dragging down Washington’s economy, undermining opportunity for our children, and threatening the health of our most vulnerable citizens. We can choose a better path that builds a stronger future for our state. Over the past

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Posted in An Inclusive Economy, Progressive Tax Reform

Washington State Budget Cuts $5.2 Billion — and Counting

Washington State Budget Cuts $5.2 Billion — and Counting

September 17, 2010

Over 3 budget years from 2009 to 2011, Washington State has grappled with a $12 billion shortfall between the projected need for public services and state revenues – which have plunged because of the recession. Federal stimulus money and the

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Posted in An Inclusive Economy, Funding Public Services, Progressive Tax Reform

Why Initiative 1098 is right for Washington

Why Initiative 1098 is right for Washington

September 15, 2010

Initiative 1098 will reduce taxes for most Washington households by cutting property taxes and exempting small businesses from the business and occupation tax. I-1098 will also raise new revenue dedicated to education, health and long-term care by adding a modest

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Posted in An Inclusive Economy

Initiative 1098: How will Washington’s effective income tax rates stack up?

Initiative 1098: How will Washington’s effective income tax rates stack up?

August 30, 2010

Short Answer: The top 1%of taxpayers in Washington will have an average effective tax rate of 4%. That puts Washington’s ranking for this group of wealthy taxpayers at 27th out of the 44 states (including Washington, D.C.)that tax income.1 (See

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Posted in An Inclusive Economy, Progressive Tax Reform

Initiative 1098: The Right Tax Reform for Stronger Schools and Health Care

Initiative 1098: The Right Tax Reform for Stronger Schools and Health Care

August 16, 2010

Why Washington needs tax reform: Washington’s tax system is upside down. Middle-class and low-income residents pay too much in tax, and the wealthiest pay far less than in other states. Small businesses pay a much larger share of their revenues

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Posted in An Inclusive Economy, Progressive Tax Reform

Initiative 1098: Fixing the most regressive tax system in the country

Initiative 1098: Fixing the most regressive tax system in the country

June 30, 2010

Background   A regressive tax is one that takes a larger percentage of the income of low‐income people than of high‐ income people. The Institute on Taxation and Economic Policy (ITEP) has concluded Washington State has the most regressive tax

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Posted in An Inclusive Economy, Progressive Tax Reform

Initiative 1098: Will business owners pay state income tax?

Initiative 1098: Will business owners pay state income tax?

June 17, 2010

Initiative 1098: Will business owners pay state income tax? Short Answer: According to IRS data, only a small percentage of Washington business owners would pay state income tax under I-1098. Of those Washington tax filers claiming net business income from

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Posted in An Inclusive Economy, Ending Corporate Tax Breaks

Initiative 1098: How will a 20% reduction in the state property tax affect residential and commercial property owners?

Initiative 1098: How will a 20% reduction in the state property tax affect residential and commercial property owners?

June 17, 2010

How will Initiative 1098’s property tax reductions affect business and property owners? Short Answer: Initiative 1098 includes a 20% across-the-board cut in the state portion of the property  tax levy, which will reduce property taxes for both businesses and individuals

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Posted in An Inclusive Economy, Funding Public Services, Progressive Tax Reform
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