Washington's Income Tax Gamble: Jobs, Growth, and the Cost

A new report from Washington Policy Center and The Buckeye Institute finds that Washington's proposed 9.9% income tax on earnings above $1 million could eliminate 6,100 jobs annually and reduce economic output by $4.9 billion in 2028 alone. For every $1 the state collects, the economy would produce up to $2.50 less. https://clarkcountytoday.com/story/opinion-new-report-washingtons-income-tax-cost-thousands #WashingtonState #IncomeTax #SB6346 #TaxPolicy #WashingtonPolicyCenter #BuckeyeInstitute #Economy #Jobs #StateBudget #Opinion