LOCAL NEWS

Washington state lawmakers push to suspend Boeing tax breaks

Feb 19, 2020, 12:38 PM | Updated: 2:43 pm

Senator Marko Liias and Representative Pat Sullivan will introduce bills Wednesday that would suspend Boeing’s state tax breaks.

The legislation would also help to address an ongoing dispute between the aerospace giant and the World Trade Organization.

Is pay increase enough in Boeing-SPEEA contract proposal?

“There is broad agreement in Olympia that we need to act this session to address the WTO issue in order to avoid retaliatory tariffs that would damage not just our commercial aircraft industry, but other important Washington exports,” Gov. Jay Inslee said in a news release Wednesday.

Tax breaks have saved Boeing millions of dollars per year, approximately $230 million in 2018, as reported by The Seattle Times. The business and occupation (B&O) tax rate, the rate involved in Wednesday’s bills, accounts for a 40 percent reduction.

“We share Boeing’s concern that retaliatory tariffs will hurt not only our state’s aircraft industry, but other Washington-based exporters and family-wage jobs here in Washington,” Liias said in a statement. “Our goal is to craft sound legislation to appropriately mitigate this international trade dispute.”

The proposed legislation comes at Boeing’s request.

Boeing finds a new issue with 737 MAX, debris in fuel tanks

“We cannot allow regulatory tariffs to damage Washington’s economy, and we’re grateful that Boeing recognizes that the legislature has to solve this problem,” Rep. Sullivan said. “We will be working closely with Boeing and other legislators to protect family-wage, good-paying jobs provided by the aerospace industry and other sectors that will be impacted by tariffs if the legislature does not act this session.”

Boeing released a statement Wednesday in response to proposed changes to the tax rate.

“Boeing applauds the actions today by Washington State leaders to introduce this legislation. We fully support and have advocated for this action. When enacted, this legislation will resolve the sole finding against the United States in the long-running trade disputes between Europe and the United States over government support for the production of large commercial airplanes. This legislation demonstrates the commitment of Washington — and of the United States — to fair and rules-based trade, and to compliance with the WTO’s rulings.”

Local News

bellevue prostitution, home invasions, licton springs, fbi...
KIRO Radio Newsdesk

US Marshal Fugitive Task Force shoot suspect in Des Moines

A wanted fugitive was shot by an officer near a Safeway grocery store on Pacific Highway South in Des Moines.
22 hours ago
vaccine...
Nicole Jennings

Washington health leaders say not enough people getting vaccine as cases plateau

While hundreds of thousands more people will soon be able to get the vaccine in Washington, it is still not enough to get the state to herd immunity.
22 hours ago
Olympia shooting...
KIRO Radio Newsdesk

Washington State Patrol investigates shooting in Olympia near capitol

Washington State Patrol is investigating after a shooting in Olympia at the north end of Capitol Lake on Deschutes Parkway on Wednesday. 
22 hours ago
Marginal Way...
Kathryn Altena

South Park Bridge, East Marginal Way South reopen after storm damage

It's been more than two days, but both the South Park Bridge and East Marginal Way South are back open after suffering damage from the weekend's storm. 
22 hours ago
Boeing...
KIRO Radio Newsdesk

FAA flags potential safety problems for Boeing’s 767 and 757

Boeing hit yet another stumbling block this week, with the Federal Aviation Administration flagging potential safety problems with two of its planes.
22 hours ago
hotel...
MyNorthwest Staff

First Seattle homeless residents moving in to King County’s hotel

A hotel that's part of King County's "Health Through Housing" initiative in North Seattle will welcome its first residents this week. 
22 hours ago

Sponsored Articles

...

Medicare open enrollment for 2022 starts Oct. 15 and SHIBA can help!

Washington State Office of the Insurance Commissioner SPONSORED — Medicare’s Open Enrollment Period, also called the Annual Election Period, is Oct. 15 to Dec. 7. During this time, people enrolled in Medicare can: Switch from Original Medicare to a Medicare Advantage plan and vice versa. Join, drop or switch a Part D prescription drug plan, […]
...

How to Have a Stress-Free Real Estate Experience

The real estate industry has adapted and sellers are taking full advantage of new real estate models. One of which is Every Door Real Estate.
...
IQ Air

How Poor Air Quality Is Affecting Our Future Athletes

You cannot control your child’s breathing environment 100% of the time, but you can make a huge impact.
...
Swedish Health Services

Special Coverage: National Prostate Cancer Awareness Month

There are a wide variety of treatment options available for men with prostate cancer. The most technologically advanced treatment option in the Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform.
...
Marysville Police Department

Police Opportunities in a Growing, Supportive Washington Community

Marysville PD is looking for both lateral and entry level officers. Begin or continue your career in law enforcement for a growing, supportive community.
...
Comcast

Small, Minority-Owned Businesses in King County and Pierce County Can Now Apply For $10,000 Relief Grants Through Comcast RISE

Businesses in King County and Pierce County can apply beginning on October 1, 2021, at www.ComcastRISE.com for a chance to receive a $10,000 relief grant.
Washington state lawmakers push to suspend Boeing tax breaks