The private equity firm founded by Republican presidential candidate Mitt Romney made use of arcane techniques in several of its Cayman Islands-based funds to avoid U.S. taxes, according to a trove of Bain Capital’s private audit and finance records made public on the website Gawker today.
Over the weekend, volunteers with FUSE plastered areas on the Eastside with signs calling for the closing of tax loopholes. Areas targeted include the neighborhoods where Senators Rodney Tom, Steve Litzow, and Andy Hill live — three Republicans* whose votes will be crucial in order for the state legislature to eliminate some tax loopholes, as […]
In Why Tim Eyman should, at last, run for public office Seattle P-I columnist Joel Connelly rightly attacks anti-tax activist Tim Eyman for proposing voter initiatives that have made it impossible to adequately fund education, social services, and other government services. Connelly writes: Eyman, as a legislator, would have to help write a budget. He […]
Five proposed bills would amend the State Constutition to impose supermajority requirements for raising taxes
Our ideological opponent, the Washington Policy Center, is reporting, in Proposed Constitutional Amendments Would Require Supermajority Vote for Tax Increases, that five constitutional amendments to require a supermajority vote to raise taxes have been introduced during the 2013 Legislative Session. To amend the state constitution would require a two third approval by voters. Voters approved […]