Schmudget Blog
— filed under:

Washingtonians Need Assurances that Boeing Jobs Will Stay Here

Posted by taral at Nov 08, 2013 03:30 PM |
Filed under:

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.

Document Actions
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 

10-year design element 72 dpi