September 23, 2019
AWB
   
Fast Facts
Bringing Business Up to Speed
Top Stories

L&I Proposes a 0.8% Decrease to Workers' Compensation Premiums for 2020



Declining injury rates and faster recovery times are some of the reasons that state officials have proposed reducing workers’ compensation premiums by an average of 0.8 %, the state Department of Labor and Industries reports.

Employers would see a savings of about $15 per year, per employee. However, that number is an average, and could vary depending on an employer’s industry and claims history, the department said.

AWB’s Kris Johnson said this was welcome news for state employers.

“Washington remains one of the most expensive states in the country for workers’ compensation insurance, so any reduction is a step in the right direction,” he said.

Johnson also expressed concern about the diversion of workers’ compensation funds in recent years.

“Rather than setting aside these funds solely to help injured workers, the state has been using a portion for other programs,” he said. “This raises the cost of workers’ compensation insurance.”

Public hearings have been scheduled for late October and early November on this issue. To learn more, please visit the L&I information web page here.



« Back to Main
Arguments Against a State Income Tax


An income tax is not in our best interest

By Washington Treasurer Duane Davidson

Today, we are at a point where Washington legislators need to reexamine their financial practices and consider the consequences of their actions that have led some to consider establishing a state income tax.

The historically unpopular notion of introducing an income tax is not exactly new to Washington, yet it has seen growing interest from income tax supporters in big city government and from certain state lawmakers who would pass income tax legislation if given the opportunity.

As Washington State Treasurer, four-term Benton County Treasurer, and licensed CPA for over 25 years, I have cultivated an automatic sense of duty to advocate for fiscal responsibility. When I see such disregard for taxpayers, my obligation is to stand up for what is right on their behalf.

Many of the legislature's self-induced financial woes have readily available remedies that do not involve raising taxes or adding an income tax, making it apparent to me that as a state we have some serious financial issues within our legislative practices we need to start addressing...

Taxing income would weaken Washington's thriving economy and reduce our capacity to compete for business. We need to agree on improving our habits and reigning in state debt before considering the addition of new taxes. An income tax is not in our best interest.

Read the full guest column in The Tri-City Herald