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Washingtonians Need Assurances that Boeing Jobs Will Stay Here

Posted by Tara Lee at Nov 08, 2013 08:30 PM |
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The Legislature came together for a special session this week to consider new tax breaks for Boeing. House Bill 2089 wisely proposes applying strict accountability measures to the new tax breaks which could help ensure the benefits remain in Washington state. But more needs to be done.

Our Senior Fiscal Analyst Andy Nicholas testified yesterday in the House Finance Committee around the proposed tax breaks. Watch his testimony here.  He will also testify this afternoon before House Appropriations and Senate Ways and Means.

As mentioned in yesterday’s testimony, any tax package for Boeing should include a “clawback” provision. A clawback could stipulate that if Washingtonians continue to invest in Boeing, then the company needs to agree to keep production here and commit to future investments in the state.

The provision could require the company to pay back any tax incentive dollars should: 

  • Boeing fail to invest in new Washington state facilities needed to build the 777X by 2017. (Much of the language in HB 2089 accomplishes this).
  • Any significant amount of production or assembly of the new 777X, or Boeing’s existing commercial aircraft lines, or future commercial aircraft lines, be subsequently located in any state or country other than Washington state.

Read our analysis from yesterday on the Boeing incentives and accountability measures.

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Budget Matters 2014

We are excited to announce this year’s Budget Matters 2014 Conference Program! We look forward to seeing you at the Washington State Convention Center on December 12, 2014.  See our detailed program with confirmed speakers here.

Legislative Testimony

Senior Budget Analyst Kim Justice recently testified before Senate Ways and Means against a bill that would fund education at the expense of other budget investments. Watch it here. 

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Budget Matters 2013

More than 300 people -- advocates, students, lawmakers, and policy experts joined us for our second annual policy conference. We heard from Heather McGhee, Jared Bernstein, and Governor Inslee.

Click here for video clips, photos, and PowerPoint presentations from the break-out sessions.

Our new video has highlights from the day. 

Heather McGhee