November 27, 2017
AWB
   
Fast Facts
Bringing Business Up to Speed
Top Stories

Seattle City Council pledges to keep employee head tax alive, with vote by next March



A tax on employment narrowly failed to pass the Seattle City Council earlier this month, but council members quickly passed a resolution promising to pass a revised version of the employee head tax by March and begin collecting money by the start of 2019.

The Employee Hours Tax would tax the city's largest businesses based on their number of employees, KUOW reports. The city will form a task force by Dec. 11 with the goal of formulating and passing the tax by March 26. The money would be earmarked to address issues of homelessness.

The Stranger said council members listed stability as a major reason for pursuing the employment tax, but the newspaper added its own parenthetical caveat: "Unlike one-time budget fights, taxing big business would provide a stable source of new money each year for housing and homelessness. (Stable until the next recession, at least.)"

The Seattle Metropolitan Chamber of Commerce opposes the idea.

“We must move beyond tactics like the Council’s recent attempt to pass a jobs tax to fund the strategies of the past,” Chamber CEO Maud Daudon said, urging the city and county to focus on data and “measurable outcomes” in determining which homelessness programs to fund.

Opportunity Washington also took a look at the issue.



« Back to Main
Investments Denied


State regulatory agencies are killing our jobs

By John Stuhlmiller, Washington Farm Bureau, and Lee Newgent, Washington State Building & Construction Trades Council

The time has come to have "the talk" about Washington's economy and the role of government.

In a nutshell, it's not working.

For months now, regulatory agencies have been taking action that is basically killing jobs and private investment in our state. This has occurred in communities outside of Seattle and King County, where the economy has been slower to recover and tech jobs are few and far between...

In Longview, the Department of Ecology usurped five years of state regulatory process, denying Millennium Bulk Terminals a water quality permit for a proposed export terminal based on criteria wholly unrelated to water quality...

Another major regulatory hurdle interestingly also involving Ecology: the Hirst fix. This fight over water resources has held up the state's $4.2 billion capital budget for months now, putting construction for residential homes, K-12 schools and mental health facilities on hold -- along with the local jobs those projects create. This is to say nothing of the impact on rural landowners who find themselves with land, and wells, they cannot use.

Absent clarity from the state, this stalemate will likely drift on, leaving rural communities in the lurch...

Read the full op-ed in The Seattle Times
Necessary to Compete Overseas


America needs a strong Ex-Im Bank

By Meghan Milloy, director of financial services policy at American Action Forum

A fully functional Ex-Im Bank is important to strengthen American competitiveness abroad. There are 27 countries that require support from an export credit agency before they will even consider a bid from an international company.

When Congress allowed Ex-Im's authority to expire in 2015, General Electric announced that it was forced to move 500 jobs to France as a direct result of lost export credit agency support, as 80 percent of its total sales for aviation-related turbines came from those 27 countries over the past three years. Many of the commercial aircraft deals awarded to Airbus, in contrast, benefitted from France's export credit agency...

If U.S. companies do not have a fully functional Ex-Im Bank, barring them from competing for many projects in these major markets, we can expect to see more jobs move overseas.

For an administration with an "America first" agenda, it is imperative that the remaining board nominees be confirmed, and that Ex-Im has a president who will support sufficient levels of export credit to keep jobs and companies in the United States.

Read the full op-ed in The Hill
Upcoming Events
«

Dec

»
SMTWTFS
      1
2378
9101112131415
161719202122
23242526272829
303112345

«

Jan

»
SMTWTFS
  12345
678101112
13141516171819
20212223242526
2728303112