Tax Relief

It is time for Washington State tax breaks

Ah June, remember when, remember when the state found an extra tax dollar, then another, and another, and … ultimately, ‘$ 2.6 billion more! Gosh, it’s time to stop milking that cash cow, isn’t it?

Jason Mercier of the Washington Policy Center agrees and wrote in an article in the Spokane Journal: “Washington’s quarterly sales forecast for June showed another huge surge in tax revenues. That’s $ 2.6 billion more than was previously expected when lawmakers wrote the 2021-23 budget earlier this year. We now have $ 2.6 billion reasons for lawmakers to finally give Washingtoners a broad tax break. “

Tax relief? Do any liberal states know what that is? Well, they actually do, and they are our neighbors on the Pacific coast. Oregon residents will benefit from a $ 1.4 billion discount off their 2021 tax credit when they file an application next spring. Super-liberal California promises the largest state tax rebate in American history – almost $ 12 billion in total. And even Idaho came into action with more than $ 435 million in tax breaks for Idaho residents – the largest tax cut in the state’s history.

Chris Cargill, director of the Washington Policy Center in East Washington, was a guest on KIT Morning News, where he spoke about and an idea for a Washington State tax break in the form of a reduction in the state’s share of the Dales tax. Cargill says the state rate is currently 6.5% and Washington has not seen a rate cut since 1982.

Lowering the state sales tax rate by 0.1% would save residents approximately $ 306 million. Double that to 0.2% and the ever-tax-hungry legislature would still have $ 2 billion in additional unexpected revenue left.

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