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, Small Business Director Mark Harmsworth and business startup attorney Joe Wallin discuss the looming taxes sitting in legislative committees and how they would impact the business and startup community.
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00:00 – Introduction
03:28 – Cutoffs, bills “dead” vs resurrected
08:23 – Hearing turnout and record opposition
09:13 – Sales tax point and B&O explained
11:48 – Competitiveness and capital gains court logic
13:16 – Constitutionality and emergency clause
15:14 – Business startup angle
16:39 – “Tax stack” layers
18:50 – Why California differs and VC networks
20:06 – Calculator reactions
23:06 – B&O credit critique
26:14 – Migration, domicile, lumpy income
30:42 – Sports owners/athletes
37:15 – “Affordability” offsets
42:55 – Death tax watch
HB 2611, to redefine overtime by shifting the standard workweek from 40 hours to 32 hours: https://app.leg.wa.gov/billsummary/?BillNumber=2611&Year=2025
HB 1834, to restrict “addictive feeds” for minors and expand platform duties that affect parental control on social media: https://app.leg.wa.gov/billsummary/?BillNumber=1834&Year=2025
HB 1319, to enact a wealth tax on stocks, bonds, and other financial intangible property: https://app.leg.wa.gov/billsummary/?BillNumber=1319&Year=2025
HB 2100, to create a statewide payroll-expense excise tax on large employers: https://app.leg.wa.gov/billsummary/?BillNumber=2100&Year=2025
SB 6346, to create a state income tax: https://app.leg.wa.gov/billsummary/?BillNumber=6346&Year=2025
SB 5813 / ESSB 5813, to change WA estate-tax and capital-gains tax rate structure: https://app.leg.wa.gov/billsummary/?BillNumber=5813&Year=2025
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