JPMorgan Chase legally avoided paying taxes by moving profits to 83 offshore tax havens.
Washington State has a tax problem but it is not one Eyman’s Initiative 1366 will help. Requiring a 2/3 vote by Legislators to raise taxes would make Washington’s tax situation worse and would put special interests, the wealthy and corporations in charge of running Washington State by giving them the ability to dictate our tax structure […]
Washington State voters approved Tim Eyman’s latest initiative I-1366 by 51.5% to 48.5% (http://results.vote.wa.gov/results/current/State-Measures-Initiative-Measure-No-1366-concerns-state-taxes-and-fees.html). How many of them realized that the initiative makes it very difficult to eliminate tax loopholes (“preferences”) for special interests? How many of them realized that the state is under court order to find billions of additional dollars to fund education? […]
According to Inslee: No new taxes needed to fund education, Democratic gubernatorial candidate Jay Inslee said Friday the state doesn’t need new taxes to fulfill its education funding obligations, even though Gov. Chris Gregoire says new revenue has to be considered. Inslee said that he is focused on raising the state’s revenue by encouraging economic […]