Dear Friends and Neighbors,
The talk in Olympia continues to be budgets and the House Democrats’ tax plan. In my last update I mentioned the House Democrats’ spending proposal passed the House on a party-line vote 50-48. You can watch my very enthusiastic floor speech by clicking here. It ended up closing debate on the spending plan.
House Democrats did hold a public hearing on their tax legislation, House Bill 2186. They voted it out of committee on a party line vote 6-5. It remains to be seen if they will bring it to the House floor for a vote. Their plan still leaves me in disbelief and shock. A couple of news outlets actually quoted me saying as much.
I break down their tax plan in my weekly video update. Click here to watch it and get an overview. I will will also tell you about what I feel is one of the worst bills of the session, which relates to alcohol in movie theaters.
Apple Blossom Royalty recently visited elected officials in Olympia.
To recap, their tax plan includes a capital gains income tax, modifications to our state’s already onerous B&O tax (see a list of winners and losers here), a change to the real estate excise tax, and closing some tax exemptions. And as I state in my video, there are many more.
They also have a proposal, House Bill 1764, to replace the one percent property tax revenue growth limit, and they tie it to inflation and population. All this, when our tax revenues are at historic levels.
I will keep you updated as budget negotiations continue and we learn more about what taxes may or may not end up being part of the final plan.