Legislators Admit Millionaire's Tax Will Trickle Down | Mark Harmsworth & Ryan Frost скачать в хорошем качестве

Legislators Admit Millionaire's Tax Will Trickle Down | Mark Harmsworth & Ryan Frost

Washington Policy On The Go is WPC's bi-weekly (weekly during the legislative session) virtual lunchtime event series featuring center directors and guests to inform you on the latest in Washington State policy research and analysis. In this video, Small Business Director Mark Harmsworth and Budget & Tax Director Ryan Frost discuss how the state ended up with deficits, how the tax expansion will reach more than just the rich, and how businesses are struggling to keep up. If you find our videos useful, consider making a donation! We receive government funds nor make ad or sponsor revenue from our videos and rely on generous contributions from individuals like you! Consider supporting us at https://washingtonpolicy.org/giveyt/ 00:00 - Introduction 00:25 - 2026 session, $2.3B shortfall 01:34 - COVID emergency spending never stopped 03:33 - Income tax pitch and small business impact 05:58 - Threshold drops over time 07:20 - HB 2097 county B&O tax authority 08:52 - HB 2270 tourism tax “slippery slope” 10:46 - Credit ratings, higher borrowing costs 12:28 - Income tax ballot vs emergency clause 14:27 - Vacancy tax proposal 15:46 - Public grocery store option, state bank 18:27 - ICE/employer mandate concerns, compliance burden 20:25 - “Good news” bills 21:45 - 49 tax bills, budget “not treated like emergency” 23:02 - Initiative 2111, “easily made, easily broken” 24:33 - Budget growth and legislator pay 26:25 - Legislator security bill idea 28:12 - Capital gains changes, property tax cap chatter 29:38 - Q&A, how to fight income tax, Feb 9 cutoff Visit our homepage for the latest Washington news: https://washingtonpolicy.org Sign up for our FREE newsletter: https://washingtonpolicy.org/signup Follow us on our social platforms! Facebook: / washington.policy.center | X: https://x.com/wapolicycenter | Instagram: / washingtonpolicy | TikTok: / washingtonpolicy