The Bellevue Chamber joined Washington Roundtable, Association of Washington Business, Seattle Metropolitan Chamber of Commerce, and Greater Spokane Inc. in responding to an income tax measure introduced in Olympia. While framed as a personal income tax, the proposal has clear implications for business activity, and deserves careful review.
As we evaluate the legislation, we’re focused on affordability impacts for families and employers, whether outcomes are tangible in communities, and how the policy affects long-term budget sustainability and Washington’s competitiveness.
Chamber President & CEO Joe Fain also flagged several structural issues that need closer review, including treatment of pass-through entities, charitable deductions, a potential marriage penalty, and interactions with other state tax policies.
Read more:
https://lnkd.in/g8Uv_wD4
PLUSH Committee submits comments on Phase 1 FAR LUCA
On March 16, the Bellevue Chamber's PLUSH Committee submitted the following
letter to City officials and stakeholders. Read for yourself below.
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Bellevue Chamber President & CEO Joe Fain: “In practical terms, this means taxpayers and employers from every corner of Washington would be directly subsidizing the City of Seattle’s budget.”
Read the editorial: https://lnkd.in/g-MttGZa
As we evaluate the legislation, we’re focused on affordability impacts for families and employers, whether outcomes are tangible in communities, and how the policy affects long-term budget sustainability and Washington’s competitiveness.
Chamber President & CEO Joe Fain also flagged several structural issues that need closer review, including treatment of pass-through entities, charitable deductions, a potential marriage penalty, and interactions with other state tax policies.
Read more: https://lnkd.in/g8Uv_wD4
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