Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


IREF - Institute for Research in Economic and Fiscal issues
Fiscal competition and economic freedom
https://en.irefeurope.org/415

The Washington State Senate is desperately trying to fill the budget gap with new taxes

The Washington state Senate approved a tax package that would raise $890 million over the next sixteen months.

The tax package includes a temporary three-tenths-of-a-cent sales tax increase plus increased taxes on services and bottled water. It also ends a sales tax break for some companies based outside Washington. On a separate vote the Senate voted to add an extra $1-per-pack tax on cigarettes.

Then leaders will have to agree on a final revenue package to close a $2.8 billion budget gap.

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