Adam Smith's four maxims regarding taxation
As a follow-up to the Policy Brief we posted yesterday (Five Key’s to Evaluating a Tax System), here is the full quotation of Adam Smith’s four maxims on taxation:
June 14 , 2012 - Kriss Sjoblom
New Policy Brief: Five Keys to Evaluating a Tax System
We have posted a Policy Brief, Five Keys to Evaluating a Tax System, that explains the principles the Research Council uses when evaluating tax policies.
June 13 , 2012 - Kriss Sjoblom
Preliminary estimate of 11,700 jobs added in Washington in May is likely to be revised downward
The state Employment Security Department released the Monthly Employment Report for May this morning. The preliminary estimate is that the state added 11,700 jobs from April to May. As I noted in an earlier post, initial estimates of employment are sometimes subject to significant revisions. The figure released today is likely to be revised downward […]
June 11 , 2012 - Kriss Sjoblom
May 11 to June 10 state revenue collections were $15.1 million greater than forecasted
The Economic and Revenue Forecast Council’s monthly Economic & Revenue Update is out today. For the May 11 to June 10 month, “headline” general fund–state revenue collections were $15.1 million greater than the forecast. However, excluding special factors–$16.3 million in unanticipated refunds and a $31.4 million one-time transfer to the general fund–collections were $1.1 million […]
May 29 , 2012 - Kriss Sjoblom
The Way We’re Taxed: A Brief History
Here’s a link to the WRC’s new policy brief: The Way We’re Taxed: Brief History.
May 25 , 2012 - Kriss Sjoblom
Preliminary Economic Forecast Posted by Economic and Revenue Forecast Council
The preliminary quarterly update to the Economic and Revenue Forecast Council’s forecast of the state economy was posted on Wednesday. The summary memo to the Governor’s Council of Economic Advisers is here. Detailed tables are here. The preliminary forecast will be reviewed at a public meeting in Olympia on May 31, and may be revised […]
May 22 , 2012 - Kriss Sjoblom
Increased Federal Tax on Sales of Partnerships Will Cost Washington Jobs and Income
Recent federal proposals would apply ordinary income tax rates rather than capital gains rates to gains from sales of investment service partnership interests. According to our analysis, this change could reduce annual personal income in Washington state by almost $300 million. Our Policy Brief on the subject is available here.
May 11 , 2012 - Kriss Sjoblom
April 11 to May 10 general fund-state revenue collections were $7.6 million less than forecasted
The Economic and Revenue Forecast Council’s monthly Economic & Revenue Update is out today. For the April 11 to May 10 month, general fund–state revenue collections were a modest $7.6 million less than the forecast. For the three-month period from February 11 to May 10, collections are cumulatively $9.6 million greater than the forecast. The […]
April 19 , 2012 - Kriss Sjoblom
Employment Report Shows State Added 3,300 Jobs in March; February Gain Revised Up to 4,800
The state Employment Security Department released the Monthly Employment Report yesterday. According to the U.S. Bureau of Labor Statistics’s preliminary estimate, the state added 3,300 jobs from February to March. The January to February estimate was revised up by 600 to show a gain 4,800 jobs. The preliminary estimate of the March unemployment rate is […]
April 18 , 2012 - Kriss Sjoblom
Outlook for 2013-15 Under the Budget Passed by the Legislature
A number of folks have inquired about the budgetary outlook for the 2013–15 biennium under the supplemental budget passed last week by the legislature. The Office of Financial Management, I have been told, will prepare a 2015–15 outlook after Governor Gregoire completes her actions on bills passed in the session. Until the formal OFM outlook […]