Washington Democrats Leak $15 Billion Tax Increase Plans

(The Center Square) – Senate Democrats are asking their peers to help “spread that tax policy love around” as they hope to close a $16 billion shortfall with new taxes in a leaked email on Friday. Sen. Noel Frame, D-Seattle, sent the message just days after Gov. Jay Inslee announced a budget shortfall of upwards of $16 billion over the next four years. While he proposed billions in tax increases of his own last Tuesday, Frame’s email included several others on Friday. Inslee’s solution included a new wealth tax, which he estimates could generate over $10 billion over four years and a temporary 20% surcharge for businesses marking over $1 million annually until increasing all business and occupation, or B&O, tax rates by 10% in 2027. Frame’s email included seven other “revenue options,” or taxes, to keep the Legislature afloat at the expense of the taxpayer. The message also included slides from Democrats on what to avoid when talking about taxes to avoid upsetting their constituency. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.