JASON RANTZ

WA Senator: Democrats mulling tax that could push businesses out of state

Dec 11, 2020, 12:36 PM

washington tax...

The Washington State Capitol Building in Olympia. (AP)

(AP)

Republicans in Washington state are saying that Washington Democrats are drafting a new tax for the 2021 legislative session, which is being called the employer compensation tax. So how exactly does it work? State Senator Lynda Wilson joined the Jason Rantz Show on KTTH to discuss.

“What it does is it taxes employers with more than $7 million in annual revenue, and they would pay a tax on wages paid to employees that make over $150,000. So this is basically the Seattle tax — it’s straight out of the Seattle City Council,” she said.

WA analyst: State is failing to reach own goals on contact tracing

“It’s just like the capital gains. We know that the capital gains is an income tax, but they’re trying to say that it isn’t. This one particularly is aimed right at employers with large (amounts of) employees. So what’s that going to do? It’s going to start capping off the ability to earn more right because the employers won’t want to increase that.”

Wilson says that this type of tax had a negative impact in Seattle and the timing of it is a poor choice.

“It’s not working in Seattle, and businesses said they were going to leave and businesses are leaving. I think I just read somewhere that Seattle lost 210 businesses so far. So this is poking the bear, and the bear this time is the golden goose — it’s the economy. And so we’re poking the golden goose,” she said.

WA lawmaker: COVID keeping public from participating in political process

“They always take this economy for granted, so raise taxes and hurt everyone else. I mean, at some point, more and more businesses are going to leave. They’re going to calculate into their return on investment and they’re going to leave … not just Seattle, but they’re going to go leave the state. And I guarantee you there are states out there that will welcome those businesses.”

Listen to the Jason Rantz Show weekday afternoons from 3 – 6 p.m. on KTTH 770 AM (or HD Radio 97.3 FM HD-Channel 3). Subscribe to the podcast here.

Jason Rantz on AM 770 KTTH
  • listen to jason rantzTune in to AM 770 KTTH weekdays at 3-7pm toThe Jason Rantz Show.

Jason Rantz Show

Jason Rantz

Seattle students rally...

Jason Rantz

Rantz: Seattle-area students to stage hate rally Tuesday as antisemitism on campus surges

Seattle-area students are holding antisemitic events throughout the state. Parents expect rally after rally to espouse antisemitism.

48 minutes ago

Photo: Photo: The U.S. Supreme Court will hear a major case around homeless camping bans. It could ...

Jason Rantz

Rantz: United States Supreme Court could save Seattle from homeless crisis

The U.S. Supreme Court will hear a major case around homeless camping bans. It could finally end the progressive policy grip on Seattle.

1 day ago

Photo: Housing in the Puget Sound....

Jackson Meyer

Washington sees decline in new housing permits for second straight year

The decline in new housing permits could mean lower inventory and rising costs for Washington homeowners in the future.

3 days ago

...

MyNorthwest Video

Video: There Were A Lot of Anti-Israel Protests This Week

We had a whole lot of anti-Israel protests this week. But who are they really? Jason Rantz and Bryan Suits discuss on the KTTH Roundtable. Listen to The Bryan Suits Show weekdays from 6 a.m. – 9 a.m. on AM 770 KTTH or on-demand wherever you listen to podcasts. Listen to The Jason Rantz Show […]

3 days ago

Columbia University protesters...

Jason Rantz

Rantz: Are the pro-Hamas, Columbia University protesters the new Black Lives Matter radicals?

The Columbia University student protesters is following the same script that made the Black Lives Matter movement do destructive.

3 days ago

homeless bathrooms...

Jason Rantz

Rantz: Shh! You’re not supposed to admit Seattle is getting bathrooms for homeless

Why is Seattle media downplaying bathrooms for the homeless? They want public funding, so they want you thinking you'll use them.

4 days ago

WA Senator: Democrats mulling tax that could push businesses out of state