To ease budget cuts, Dems seeking to end tax breaks

Thank Tim Eyman and the passage of I-1053 last fall for imposing the two-thirds majority vote requirement on any measure to change or raise tax preferences. With I-1053 in place, it will be virtually impossible for Democrats to close tax exemptions and generate revenue for social services and education, which will be hardest hit by the budget cuts. But they’re trying; some of the bills may be introduced as referendums so that the people can decide if they want to end tax loopholes.

Also in: BusinessWeek

This entry was posted in Associated Press, Bloomburg BusinessWeek, The Seattle Times and tagged , , . Bookmark the permalink.