There may be support for proposed online sales tax, but could Washington actually collect any revenues?
The 2017–19 operating budget that was passed by the House earlier this year assumes enactment of several new taxes. These include requiring remote sellers, marketplace facilitators and referrers to collect and remit sales taxes on online purchases made by Washington residents or report the sales to the Department of Revenue (so that it could then collect use taxes from the buyers directly). It’s estimated that it would increase revenues by $329.2 million in 2017–19.
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:
Yesterday the Office of the Insurance Commissioner (OIC) announced that no insurer has filed to participate in the individual health insurance market in Grays Harbor or Klickitat counties in 2018. According to the OIC, as of March, 1,119 people in Klickitat County and 2,227 people in Grays Harbor County purchased insurance through the individual market. The OIC notes,
The Seattle City Council’s Affordable Housing, Neighborhoods, and Finance Committee will meet tomorrow to possibly vote on the proposed pop tax (technically “a tax on engaging in the business of distributing sweetened beverages”) and to discuss an income tax for the city. (See today's
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.
Yesterday the Legislature began the second special session of the year, because the Legislature has not come to an agreement on an operating budget or an education plan to comply with the state Supreme Court’s McCleary decision.
The only constant in politics and economics today is change. From establishment-busting elections to upheaval in the workforce, the world is a much different place than it was just a few decades ago. Today's guest, Ian Toner, analyzes these changes for a living. Mr.