So, what does all this mean to us? It provides a blueprint of what to do — and what not to do.
Washington’s latest revenue forecast projects a $900 million deficit in the next two-year budget and a $1.1 billion shortfall for the following biennium. While Gov. Inslee has rejected a general tax increase, some lawmakers will be tempted to increase business taxes and fees. The experience in California shows that is not the answer. What is the answer? Judging from what’s happening in Texas, the answer is to create a better business climate.
By lowering the cost of doing business in Washington and easing the regulatory burden on employers, state officials can help existing businesses grow and attract new ones. Encouraging growth will help create jobs for the three million unemployed people in our state and produce more tax revenue to support vital state programs.
Monday, January 28, 2013
California vs. Texas
The conclusion is so simple and so straightforward and yet completely lost on the politicians in Sacramento. How pathetic.