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State of Washington View: California bleeding manufacturing jobs; are we next?
January 11, 2011 /
State lawmakers convening in Olympia are looking under every pebble for new money. They must write a budget with as much as 20 percent less tax revenue.
Often when cash is short, some want to repeal the so-called "tax loopholes." They presume that businesses will simply cough up the extra cash. There are two problems with that line of thinking: First, the extra tax burden will cause some businesses to stop hiring or close altogether. Second, eliminating tax incentives tells prospective new employers, "Go away, we don’t want you here."
By Don Brunell
Full Story: http://www.columbian.com/news/2011/jan/11/california-bleeding-manufacturing-jobs-are-we-next/
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Posted in: Washington State Business
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