Washington’s Democrats are doing a victory lap over an $8 billion projected revenue boost—but here’s the fine print they’d rather you ignore: the so-called “growth” isn’t from a booming economy, it’s from new taxes and fees jammed through Olympia earlier this year. Strip those gimmicks away, and revenues actually drop by over $1 billion in the next two budget cycles.
May’s tax collections were already $32 million short, thanks to a nosedive in real estate activity and delayed payments. But that hasn’t stopped lawmakers from blowing past $77.8 billion in spending, a 6.5% jump, because restraint is apparently too old-fashioned for today’s ruling party.
Meanwhile, small businesses—the backbone of Washington’s economy—get to enjoy the “privilege” of covering for Democrats’ spending addiction. Higher B&O taxes, mounting fees, and a regulatory thicket? Great way to drive jobs and investment straight to Idaho.
With risks piling up—trade wars, Middle East conflicts, rising interest rates, and looming federal cuts—you’d think Olympia would get serious about fiscal responsibility. Instead, they’re betting on squeezing every last dime from taxpayers while ignoring structural reforms.
The Washington Policy Center is right: stop the tax-and-spend cycle. Washington needs real tax reform, not gimmicks and Band-Aids. But good luck getting that from a legislature where “fiscal discipline” is a foreign language. Read more at the Washington Policy Center.
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