In this episode we're joined by Dr. Rick Evans of the University of Chicago, an expert on open source macroeconomics, which aims to use the power of computational modeling to enhance economic research and public policy analysis. It's a fascinating discussion on a groundbreaking new field.
To learn more about Dr. Evans, visit his website here.
Today we're talking with the Manufacturing Industrial Council's Executive Director, Dave Gering, about the manufacturing industry - and manufacturing jobs - in Seattle. Dave talks about the 106,000 industrial jobs in the city, and what the industry is doing to educate students with the skills they need to find employment. With many open positions and employers having to import skilled workers from out of state, there are plenty of job opportunities in this robust sector of the local economy.
We're out today with Part One of a series of special reports on manufacturing jobs in Washington state. "Rebalancing Priorities: The Case for Manufacturing Jobs, Part I" covers the role of manufacturing in Washington's economy, and discusses Gov. Jay Inslee's recent veto of a tax reduction for state manufacturing.
Last week the Tax Foundation issued a report on corporate tax rates around the globe. In terms of statutory tax rates (the rate as written in law, as opposed to the effective rate which is the amount actually paid), the U.S. has the fourth highest in the world and the highest among industrialized countries.
From the report's introduction:
Today's episode covers the new tax revenues in the recently passed K-12 basic education funding law, which the State of Washington hopes will fulfill its obligations in the Supreme Court's McCleary ruling.
Click here to read our Special Report on the new K-12 basic education law.
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