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Tag: Washington taxes

Revenue update: Economy limps, tax collections lag

Revenue update: Economy limps, tax collections lag

A new state economic and revenue update says the national economic recovery “appears to be stalling” and that state tax collections are lagging below expected levels. The report from chief economist Arun Raha says collections were down more than $40 million below the June forecast, bringing the total backslide for the past two months to $124.5 million. The news comes shortly after President Obama signed a $26 billion bailout for the states, including $338 million in expected federal aid for…

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Eyman, Gregoire clash over tax rollback

Eyman, Gregoire clash over tax rollback

Tax rebel Tim Eyman, already pursuing an initiative to restore the supermajority requirement to pass taxes in Olympia, now is weighing in with ballot measures aimed at rolling back all or part of the $631 million in new revenue approved by the Legislature this week. Eyman and his partners, Jack and Mike Fagan, have filed eight proposed initiatives that take aim at the 2-cent-a-can tax on pop, a nickel-a-can tax on beer, a $1-a-pack increase in the cigarette tax, a newly…

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