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Governor sends $4.4 billion tax increase letter to Santa
Published:2016-12-20 State
Governor sends $4.4 billion tax increase letter to Santa By Jason Mercier It's good to see the Governor is such a strong believer in Santa. That said, no matter how good the Governor may have been, there is no way Old Saint Nick is going to bring a $4.4 billion tax increase on his sled. To do so would ignore the countless letters for tax sanity mailed this past election from many Washingtonians. o In 2010 lawmakers narrowly imposed a "temporary" B&O surcharge on services that was promised to expire when the great recession ended. • Carbon tax (net revenue) – $25/ton plus inflation plus 3.5% = $1,069 o Voters just rejected a revenue neutral carbon tax with failure of I-732. o The House and Senate also both refused to hold a floor vote on the Governor's 2015 carbon tax proposal. • Capital gains income tax – 7.9% = $821 o Voters in Olympia just rejected an income tax with failure of Measure 1. o The House and Senate also both refused to hold a floor vote on the Governor's 2015 capital gains income tax proposal. o Voters in 2010 rejected an income tax with failure of I-1098. • Limit vehicle trade-in exclusion to $10,000 = $91 o Voters in 1984 repealed this tax with approval of I-464. • Limit REET foreclosure exemption = $59 • Sales tax on bottled water = $57 o Voters in 2010 repealed this tax with approval of I-1107. • Repeal extracted fuel (except hog fuel) = $52 • Nonresident sales tax = $49 o Voters just rejected this type of tax with failure of I-1464. • Extend economic nexus to retailing B&O activities = $12
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