If that means curbing the comparatively high consumption taxes in WA, then it's for the best. The lowest income brackets pay an outrageous percentage of their income to taxes compared to the upper brackets because of them.
What about this law makes you think any of the revenue is going to be used to curb consumption taxes? Because that's not what any of this money is being earmarked for. Most of it is basically a government slush fund.
> If that means curbing the comparatively high consumption taxes
“Most of the roughly $4 billion a year the tax would bring it would be devoted to the state’s general-fund budget to pay for government agencies and services. A 5% chunk would be earmarked for early education and child care.
Democrats also say they’d use some of the money to fund free school lunch and breakfast for all kids in K-12 schools, though Republicans pointed out that money is not legally earmarked in the income tax bill.
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The bill would also exempt more businesses from paying the state’s business and occupation tax. It also would eliminate the sales tax on purchases of diapers, and personal hygiene products such as toothpaste, antiperspirants and shampoo.
It also would expand the state’s Working Families Tax Credit, which sends annual rebates of up to $1,300 a year to lower-income working families. Ferguson had pushed for the expansion of the program and said the revised bill would make 460,000 households eligible for the payments.”
