Last year, an overwhelming majority of lawmakers voted to give much-needed business and occupation (B&O) tax relief to Washington manufacturers. A few days later, Gov. Jay Inslee vetoed that tax relief. AWB is releasing a series of videos, starting with a pair that debuted during last week's Legislative Day and Hill Climb, to highlight the need for B&O tax relief and the ways that manufacturers would use it to become more competitive and invest in their employees.
Stacie Vaughan of the Vaughan Co. explained the need for B&O tax relief in her video, which also highlighted the important jobs that her family-owned rural manufacturing firm in Montesano provides to the economically challenged Grays Harbor region.
Allison Budvarson of Out of the Box Manufacturing in Renton explained in her video what B&O tax relief would mean to her high-tech company, which she and her husband founded in their garage.
Opportunity Washington took note of the push for the B&O tax break, highlighting AWB's videos in this blog post.
The issue was also up for discussion during last week's Legislative Day during a panel on manufacturing.
Gary Chandler, AWB’s vice president for government affairs and the panel moderator, asked the group what their companies would do with the savings from B&O tax relief.
David Rankin of Rankin Equipment Co. in Yakima, said workforce training as one area his company would invest in.
"The success of our company depends on our people," Rankin said. "Leadership skills are vital, and we need to continually invest in our employees."
Michael Senske of Pearson Packaging Systems in Spokane said the vast majority of any potential savings would go into research and development and workforce training.
To learn more and to join the call for tax relief to help Washington manufacturers remain competitive, contact Clay Hill, AWB government affairs director for tax and fiscal policy.
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