skip to main content
skip to newscasts

Saturday, June 22, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

America's 'Radical Elders' continue their work for fairness, justice; SCOTUS upholds law disarming domestic abusers; Workplace adoption benefits help families, communities; Report examines barriers to successful post-prison re-entry in NC.

view newscast page
play newscast audioPlay

A congresswoman celebrates Biden protections for mixed status families, Louisiana's Ten Commandments law faces an inevitable legal challenge, and a senator moves to repeal the strict 19th century anti-obscenity and anti-abortion Comstock Act.

view newscast page
play newscast audioPlay

Rural educators say they need support to teach kids social issues, rural businesses can suffer when dollar stores come to town, prairie states like South Dakota are getting help to protect grasslands and a Minnesota town claims the oldest rural Pride Festival.

Can WA's Wealthy Help Solve State Budget Crisis?

play audio
Play

Friday, July 2, 2010   

OLYMPIA, Wash. - It looks like I-1098 will make it onto the November ballot in Washington. Petitions turned in on Thursday to the Secretary of State's office contain an estimated 360,000 signatures, well over the required number.
It's the initiative for an income tax on the state's highest earners.

Such a tax would affect less than three percent of Washingtonians, those who make more than $200,000 a year, with the money going specifically to fund education and health care. Opponents point out that taxing people in this income bracket could mean they'll decide to leave the state, but Bill Gates, Sr. disagrees.

"Well, we've had experience with that sort of thing. The public here in this state did that wonderful thing of approving and keeping in place our estate tax - and I don't think the border crossings increased one bit."

At the same time, the initiative would cut property taxes for most home and business owners, and exempt about 80 percent of companies from the Business and Occupation Tax they now pay. That's good news for Jon Deleeuw, who owns a card and gift shop in Seattle's Wallingford neighborhood, although he expects some larger companies to put up a fight.

"There's going to be a lot of opposition. They're going to cloak and disguise themselves, but they're essentially going to be big business - trying to say, 'Oh, we speak for all the businesses and this is going to hurt all of the businesses here.' I don't believe that at all. Small businesses will benefit from this tremendously."

If the measure passes in November, it would be the first-ever income tax in Washington. Some are concerned that it could eventually be expanded to include more people, but Gates says there are protections in place to prevent that.

"The element of it which I think many people would take comfort from is the fact that, if anybody wanted to change the brackets or the rates or that sort of thing, there's going to be another vote of the people before that would happen."

Opponents also say income of wealthy individuals is often from investments, which are volatile and won't guarantee the state enough money from the new tax. Backers of I-1098 estimate it will raise about $1 billion of new revenue for the state. The budget hole is closer to $3 billion, but they say it's a start.



get more stories like this via email

more stories
The 2024 Summer U.S. Conference of Mayors in Kansas City, Mo., will be under the leadership of its president, Mayor Hillary Schieve of Reno, Nev., and host Kansas City Mayor Quinton Lucas.
(SeanPavonePhoto/Adobe Stock)

play sound

Some Michigan mayors are out of the office this week - but still working for their cities. They're at the 92nd meeting of the United States …


Social Issues

play sound

Summer is here, but some Wisconsin households juggling higher consumer costs and other basic needs might feel like a vacation is out of reach…

Social Issues

play sound

An interim North Dakota legislative committee this week got an update from state leaders on potential moves to reconnect kids in foster care with thei…


Social Issues

play sound

More employers are offering benefits to adoptive parents, according to a new survey by the Dave Thomas Foundation for Adoption. The amount of paid …

About a quarter of Americans hold unfavorable views of both former President Donald Trump and President Joe Biden. (Christian Delbert/Adobe Stock)

Social Issues

play sound

The Arizona Court of Appeals recently dismissed a case brought by Republican Arizona attorney general candidate Abraham Hamadeh, Republican Cochise …

Social Issues

play sound

North Carolina's business community is alarmed after Lt. Gov. Mark Robinson praised the controversial House Bill 2, known as the "Bathroom Bill," at …

Social Issues

play sound

Members of the group Radical Elders are participating in a Chicago tech conference this weekend to explain the impact of technology on older Americans…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021