In this episode we discuss our recent Special Report, "Using Tax Policy to Promote Economic Vitality." Too often, adjustments to our state tax system are portrayed simply as "breaks" that give certain industries and/or companies special treatment. But as our report shows, these adjustments play a crucial role in keeping Washington competitive with other states for jobs and economic activity that could very easily go elsewhere.
The Puget Sound Business Journal reported earlier this week on some new business that may be coming Washington state's way:
Spike Aerospace, a Boston startup developing an ambitious new supersonic business jet, is talking with Washington state officials and aerospace suppliers about possibly locating its new manufacturing plant in Seattle.
Forbes.com contributor: "Washington Lawmakers Grandstanding Against Boeing Could Cripple State's Aerospace Industry"
Writing on Forbes.com yesterday, Travis H. Brown sets his sights on "politicians in Olympia [who] have repeatedly floated the notion of clawing back the aerospace tax incentives."
WRC President Lew Moore spoke to Seattle's KIRO TV yesterday about the benefits of Boeing and aerospace industry tax incentives for Washington state.
On Wednesday night, State Route 526 was temporarily closed to traffic to transport a very special, very large oven to Boeing's Composite Wing Center in Everett.
The high-pressure oven, known as an autoclave, is there to "bake," as the Seattle Times reports, the new 777X jet's carbon fiber composite wings "to hardness."
The Boeing Company provides more details:
Seattle Times columnist writes about that mythical $8.7 billion tax break for Boeing: not a giveaway!
Though the Department of Revenue calculated it exactly as it was supposed to, a more realistic view is that the legislation costs taxpayers nothing.
He summarizes, drawing on points we developed in the brief.
The Times editorial gets right to the point.
When lawmakers return for business in January, they should reauthorize Washington’s server-farm tax break, and pronto.
Our September 2013 report, Economic Impact of Data Centers on Central Washington (clever title, that), helps explain why.
Jon Talton, business columnist for the Seattle Times, skipped subtlety and got right to the point in writing about the effects of some Legislative inaction in the recently completed session. Noting that it's not correct to say lawmakers did nothing, he writes,