Today we're discussing the K-12 education funding bill passed by the state Legislature, in response to the state Supreme Court's McCleary ruling on basic education. In this episode we cover funding and policy changes; in the next episode we'll cover tax revenues.
To read our Special Report on the McCleary bill, click here.
Recently The Tax Foundation looked into the commonly held belief that rich Americans used to pay much higher income taxes in the 1950s than they do today. It found that the difference between then and now isn't actually that significant:
Last month the Tax Foundation came out with a special report on state's inheritance and estate taxes, which included a special distinction for Washington state:
The Evergreen State imposes the highest top marginal estate tax rate in the nation, imposing a 20 percent rate on taxable estate values above $9 million. The state has an inflation-adjusted exemption which currently stands at $2.129 million.
We're pleased and honored to have received a Certificate of Merit for Most Distinguished Research from the Governmental Research Association, for our 2016 Special Report "The Growth Management Act at 25 Years."
The GRA's Most Distinguished Research category is for research that is
We have an op-ed in today's Seattle Times on Gov. Inslee's recent veto of a reduced Business & Occupation (B&O) tax rate for manufacturing companies in Washington state. We argue that manufacturing jobs are a crucial component of providing workers with good-paying middle-class jobs, and that tax incentives will encourage companies to come here, stay here and possibly expand here:
Washington ranks right in the middle nationally for wine taxes, according to new numbers from the Tax Foundation. Check out their map to see how we compare to other states:
In today's podcast we talk about the process of forecasting state revenues, and how that process relates to the state budget.
A recent blog post by James Pethokoukis at the American Enterprise Institute (AEI), "Is automation really the worst enemy of the US middle class?," adds perspective to the ongoing debate over how much impact robots and automation have on jobs:
If you missed our Annual Dinner in Bellevue May 23, you can watch it on TVW here. Our guest speaker, Ian Toner, gave a fascinating talk about the massive changes happening in our political system, the job market and workforce, and the economy -- both here and across the world.