No New Taxes

Tax reductions, not increases, are what businesses struggling through the COVID-19 pandemic need to hold on to hope of recovery. The Washington Research Council reports that the state budget has recovered from a crisis last summer, with revenues coming in ahead of expectations. Ideas such as a capital gains tax or wealth tax discourage investment in our state and slow economic recovery. Rather, legislators should support bills such as HB 1358 that would reduce property taxes. After the economic devastation of the pandemic, retailers and taxpayers need relief, not new bills.