Gov. Inslee’s controversial veto of manufacturing tax relief last session has not been forgotten. The veto was examined in a Washington Research Council report last September, which included this observation:
Cutting taxes for the manufacturing community helps to create new jobs in a growth climate and to protect existing jobs in a downturn. Fostering economic growth creates new tax revenue and contributes to the overall support of government services…
His veto message stated, “. . . these tax reductions should be considered in a thoughtful, transparent process that incorporates public input and business accountability.”
Media accounts report Gov. Inslee’s willingness to look at a similar proposal in the future if it was presented in such a manner.. ..This potential boost for manufacturing is well worth a thoughtful reconsideration.
The Association of Washington Business has endorsed the tax relief for manufacturers. The linked report on a panel discussion during the AWB Legislative Day yesterday points out how the tax relief would benefit the state economy. Two videos make the case. We include them here.
B&O Tax Rate Reduction for Manufacturers – Vaughan Co., Inc. from Association of WA Business on Vimeo.
B&O Tax Rate Reduction for Manufacturers – Out of the Box Manufacturing from Association of WA Business on Vimeo.
Well done.
