Exemptions to Ax - Sins to Tax: Revenues to Rebuild Our Economic Future

Publication Date: January 2010

Publisher: Economic Opportunity Institute

Author(s): Marilyn Watkins

Research Area: Banking and finance; Government

Keywords: taxes; balance budget

Type: Fact sheet

Coverage: Washington

Abstract:

These fact sheets summarize a budget solution that closes Washington's $2.8 billion shortfall this year -- and provides long-term budget stability in future years. By closing tax exemptions that no longer serve a compelling public purpose and carefully choosing new sources of revenue, lawmakers can stabilize funding for quality schools, affordable health care, a safety net for the most vulnerable, affordable housing, public safety, and a clean environment. This responsible approach will help balance the state budget without eroding the high quality of life that makes our state a great place to live, work, raise a family and do business.