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Governor Gregoire's Tax Proposals

Posted by Andy Nicholas at Jan 15, 2010 02:25 PM |
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This week, the Governor has released a number of tax-related proposals. Some raise revenue by closing tax exemptions and loopholes and addressing tax avoidance. Others institute new tax credits and deferrals. The table below provides a list of the 14 proposals made so far (click on it for a larger version). On net, they would provide $86 million in new revenue in the current biennium, an inadequate response to the need.  Stay tuned to schmudget for more information and analysis of these proposals.

 

Governors Tax Proposals

 

Note: A Supreme Court decision from September (Dot Foods, Inc. v. Department of Revenue) could have significant revenue implications for the state, but is currently under reconsideration. If the September decision is upheld, it could have a $153.6 million impact in the current biennium. In that event, the Governor has proposed that legislation be passed to clarify and repeal the exemption under consideration. The potential fiscal impact of the decision is not included in the Governor’s budget and her proposal to deal with the decision is not included in the above table.

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HIGHLIGHTS

Watch the Budget Matters Plenary 

View the Budget Matters 2016 conference plenary panel, "What's at Stake in the 2017-2019 Budget: Funding McCleary and Beyond," on TVW. Moderated by Ann Dornfeld of KUOW with a budget overview by our own Andy Nicholas, the panel features Nathan Gibbs-Bowling, the 2016 Washington State Teacher of the Year; Lew Moore of the Washington Research Council; Roxana Norouzi of OneAmerica; and Sen. Christine Rolfes. The plenary starts after a brief intro by Executive Director Misha Werschkul and an intro video by Gov. Inslee.

Our Legislative Agenda

Our agenda for the 2015-2017 biennium calls for an equitable, sustainable revenue system in addition to state investments that: promote a world-class education system; sustain a strong middle class; produce living-wage jobs, and ensure that all Washingtonians have equal opportunity to get ahead. 

Testimonies in Olympia

We testified in support of a number of important bills during the 2016 legislative session. Take a look:

  • Our testimony (at the 23:23 minute mark) on the House Bill that would take a two-generation approach to preventing poverty 
  • Our testimony (at the 1:54:09 mark) on the House bill focused on aerospace-related tax breaks
  • Our House testimony (at the 9:25 mark) and Senate testimony (at the 1:44:54 mark) on the two-generation approach to poverty prevention bill 

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