As lawmakers scramble to fund the state budget, some legislators and interest groups are targeting tax incentives designed to attract businesses and create jobs. Meanwhile, much-needed workers’ compensation reforms languish in the Legislature.
Critics say that, in these tough economic times, we can’t afford tax incentives. The real question is, can we afford not to have them?
And while lawmakers claim there isn’t enough time to tackle meaningful workers’ comp reforms, the truth is we can’t afford to wait when rates are set to spike for employers.
First, a little perspective.
In 2012, the state Department of Revenue published a study of 452 tax exemptions in Washington totaling $29.3 billion per biennium. read more »