Businesses are DONE with Washington State | Brent Beardall

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'll hear WaFd President & CEO Brent Beardall on how businesses are reacting to Washington's new tax burdens.

00:00 - Introduction & Annual Dinners
01:45 - Decline in Washington’s Business Climate
02:46 - Washington Slips from 6th to 45th in Rankings
03:30 - Corporate Taxes & Downstream Impacts
05:01 - Losing Washington’s Entrepreneurial Ecosystem
06:35 - Conversation with Gov. Ferguson
07:14 - Record-Shattering Tax Increases
08:02 - Covid Funds Baked into Budget
10:31 - Projected Revenues & More Tax Hikes
12:18 - Small Business Struggles & Exodus Risk
13:03 - Long-Term Decline & Recovery Challenges
15:06 - Gov. Ferguson’s Budget Rhetoric vs. Reality
16:25 - Role of the Legislature & Lack of Business Experience
17:48 - What Policies Could Reverse the Decline
19:01 - Gov. Inslee’s Failed Metrics & Transparency Issues
20:39 - Awakening Among Business Leaders
22:03 - Love for Washington & Fear of Surrender
23:10 - Idaho’s $50B Investment vs. Washington’s Missed Opportunities
23:35 - Transportation Failures & Costly Mismanagement
27:23 - More Business Leaders Needed in Legislature
29:34 - Common Ground for Stronger Economy

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