Washington Policy On The Go is WPC’s bi-weekly (weekly during the legislative session) virtual lunchtime event series featuring center directors and guests to inform you on the latest in Washington State policy research and analysis. In this video we chat with Bill Brady, CPA and President of Brady and Company about the risks, compliance costs, and other troubles with the proposed income tax.
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00:00 – Introduction
00:34 – Why the bill is so unpopular
00:59 – “Well written” income tax, why it matters
01:56 – Compliance trap: attachments + late penalties
03:32 – Income tax as “behavior steering” policy
05:07 – No income tax as WA’s business advantage
06:21 – Mobility: clients already relocating
08:10 – Opportunity cost: “not building more here”
09:57 – Growth hit + revenue projections risk
10:27 – Reputation damage + business certainty
11:32 – “Regressive tax” argument, what’s missing
14:53 – Climate Commitment Act as regressive pressure
16:54 – Lawmakers’ key question: end goal
18:19 – Offsets + sales tax bill HB 2738
19:53 – Tech warnings, estate tax example
SB 6346, to create a state income tax: https://app.leg.wa.gov/billsummary/?BillNumber=6346&Year=2025
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