During a state House Technology and Economic Development Committee - TopicsExpress



          

During a state House Technology and Economic Development Committee hearing this week, GOP Rep. Richard DeBolt asked Inslee’s top economic advisor at the state Department of Commerce a question related to the consequences of Inslee’s cap-and-tax scheme, particularly it’s potential negative impact on job growth in Washington State. The economic advisor informed DeBolt that the state Department of Commerce is “certainly not directly engaged in the governor’s pollution charge proposal.” But, that’s not all. During the same committee session, GOP Rep. Chad Magendanz pointed out that tech industries are attracted to Washington State due to the lack of a state income tax and capital gains tax. He asked the same top economic advisor if any measurement has been made as to how a state capital gains tax would impact the ability to attract tech industries. The economic advisor admitted that he has not analyzed how Inslee’s new capital gains tax would impact the tech industry.
Posted on: Sat, 17 Jan 2015 07:09:48 +0000

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