First off, there’s a basic fight about whether spending or tax breaks work better to spur the economy. Then there’s just a heck of a lot of tax cut proposals in the stimulus bill. There are credits for workers, new homeowners could benefit, and income tax cuts would depend on your income. Some families paying for college would get a break. Businesses may get tax savings aimed at increasing capital and renewable energy investments.
The state legislature is also turning to spending and tax cuts as a way to stimulate the economy. What tax changes would help you or your business most — and ripple fastest through the Northwest economy?