February 26, 2018
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Senate approves budget; House makes major changes as end of session approaches

With 10 days left in the legislative session, both chambers are finalizing their budget proposals. On a party-line vote, the Senate on Friday approved its supplemental budget. The House is expected to vote on their budget proposal today. Along with new taxes -- carbon and capital gains -- the other major issues still being discussed: tax relief for manufacturers; $1 billion more for education; and property tax cuts for urban areas.

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AWB continues push for B&O tax relief to help all manufacturers; Senate hearing suggests issue will be part of end-game negotiations

The House Finance Committee approved a bill last week that would lower the business and occupation (B&O) tax rate for manufacturers, but only in some parts of the state. It would leave out nine counties, including many that are largely rural. In response, AWB issued an Action Alert calling on lawmakers to support manufacturers in all parts of the state. Meanwhile, questioning during a hearing signaled possible Senate support for an alternative approach.

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Capital gains tax appears again with less than two weeks left in session

Last week's House budget proposal includes a new 7 percent tax on capital gains, something that lawmakers have tried and failed to pass in previous years. It's billed by proponents as a tax on the wealthy, but it could hit small business owners especially hard. A series of AWB-produced videos (watch them here and here) describe how a capital gains tax could crack a small-business owner's retirement nest egg.

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New carbon tax bill passes Senate Ways and Means; awaits vote by full Senate

A statewide carbon tax passed through a key fiscal committee and now awaits a full vote in the Senate. If enacted, Washington would be the first state in the nation to impose a direct tax on carbon. The bill would increase the cost of fuel and energy.

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Capital Gains Tax
All Manufacturers Need Relief


Manufacturing jobs key to all of our communities

By AWB President Kris Johnson

The health of Washington state's manufacturing sector is a bellwether for the strength of our overall economy, and a key driver of economic opportunity for families in every city and small town across the state.

The sector is vital to the state. Manufacturing jobs support families with livable wages and benefits and they grow the local economy and tax base to ensure funding for critical services.

Along with all that positive news, is the reality is the sector needs some support.

Since 2000, Washington has lost more than 50,000 manufacturing jobs, the majority of which are not in the aerospace sector.

The good news is lawmakers are currently considering bills that would reinstate the uniform B&O tax relief. It's a move our members support as one way to jumpstart job creation in every part of the state...

Read the full guest column in The Olympian
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