By AWB President Kris Johnson
There's a great degree of fragility in our economy and in communities across the state. With approximately 1.2 million unemployment claims in Washington as of mid-May -- and thousands of businesses forced to close their doors, some never to reopen -- putting additional burdens on our state's employers, employees and communities would not be helpful.
Businesses pay more than half of all state and local taxes in Washington, so if they aren't able to succeed, the state's tax revenue will continue to fall. And those same private-sector employers pay the wages that sustain the other two major pillars of state tax revenue: sales and property taxes.
As dire as the state's budget situation might be, our state's small businesses and other private-sector employers are in far too fragile a position to handle a bigger tax burden.
Let's be clear: We need to double down on our commitment to grow jobs and help restart the economy. Now is the time to give employers and employees every possible tool to recover, not to add new burdens. Help employees and workers receive training to move into new industries. Invest in infrastructure, including broadband. Pause new rulemaking as the state did in 2010 during the recession.
The economy is going to look different on the back end. Now is the time to come together as Washingtonians to give the economy the confidence it needs to be strong and dynamic
You can't tax your way out of a recession.
But you can grow and build your way out.
Fortunately, that's exactly what our state's private-sector employers do...