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As the lawsuit challenging the constitutionality of the state's new capital gains tax moves forward, slowly, there's more evidence that the new tax is already influencing decisions. We've written befo…Read more
The U.S. Department of Labor announces another drop in unemployment insurance claims last week. In the week ending October 16, the advance figure for seasonally adjusted initial claims was 290,000, a…Read more
Hopes for a quick and strong recovery have dimmed over the last few months of supply-chain disruptions, inflation, labor shortages, and Covid. The Wall Street Journal's Economic Forecasting Survey sho…Read more
State revenue growth is second strongest in nation. Research Council warns of tampering with successful tax system.October 20, 2021
The Washington Research Council reports that the state has posted the second strongest revenue growth in the nation since the Great Recession. The WRC walks through the series of upward revisions in r…Read more
Spending is back, part 2: Another monthly state revenue update showing collections beating expectations.October 18, 2021
The latest update from the state Economic and Revenue Forecast Council builds on the recent U.S. Census Bureau report finding consumer spending was up 0.7% in September, well above expectations. Washi…Read more