To The Editor:
At Kitsap Bank, we work every day with our local small and medium-size businesses who have been realigning their budgets and priorities, as a result of the recession. We’ve worked with borrowers who have fought through, by prioritizing and restructuring their business and their debts, all the while paying a higher B & O tax bill to help state government through the downturn.
Therefore, it is nice to see our state Senate take a bipartisan approach and produce a budget that honors the spirit of our Washington small businesses, and keeps the promise made in 2010 that those higher B & O taxes on small businesses would, in fact, be temporary. It’s not easy to craft such a budget. It would be easier to keep the tax going, once we’ve become accustomed to paying it. read more »