Gov. Ferguson Signs Income Tax
Statement on Gov. Signing the Income TaxRyan Frost, WPC Director of Budget and Tax Policy:Governor Ferguson signed Washington's first income tax today. He has enacted the largest tax increase in state history and a…
Tag: Income Tax
Documenting the state income tax ‘divorce’
Editors at Issues and Insights document significant changes in states’ approach to income taxes. The Wall Street Journal recently reported on the growing divide between blue and red states when it comes to income taxes. What…
Will the income tax cause a drop in charitable giving?
Proponents of the recently passed Senate Bill 6346 (SB 6346), Washington’s new 9.9 percent income tax on household income above $1 million, effective January 1, 2028, point to one feature that claim will actually boost…
The Income Tax Passed the House: What’s Next?
The Washington State House of Representatives passed ESSB 6346 after the longest floor debate in state history, a marathon that stretched past 24 hours. The final vote was 51-46, strictly partisan. Every Republican voted no,…
There is no such thing as a ‘free’ lunch, and an income tax isn’t more palatable because it offers one
Gov. Bob Ferguson says he supports the latest version of a bill that would create an unconstitutional income tax in Washington state, moving it close to the finish line. Supporters, including Ferguson, want people to believe…
High Tech Leaders Plea for Income Tax Delay
The following message was sent to the Legislature on Sunday from key tech leaders in Washington. The letter speaks for itself. Legislators, The decision you make in these final days of a short legislative session could…
Many remain skeptical of WA House's revised income tax bill
By Brett Davis Source link
Imagining the end of the federal income tax
Editors at Issues and Insights ponder a potential seismic shift in federal tax policy. The federal income tax is abusive. It is inconsistent with liberty. It has, as Chief Justice John Marshall noted, the power to destroy.…
Tech Leaders’ Open Letter to Gov. Ferguson Lays Out Income Tax Damage
The Wall Street Journal covered an open letter to the governor from high tech leaders in Washington state warning of the damaging consequences that would come from the proposed new income tax. Predicted is a coming talent…
Floor Vote Set for Next Week
The House Finance Committee passed ESSB 6346 on a 9-6 vote, with only one Democrat, Rep. Walen, voting against the proposed 9.9% income tax. This despite over 100,000 people signing up in opposition to the bill, making it the…
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