Camas resident Anthony Teso comments on the new tax law
Editor’s note: Opinions expressed in this letter to the editor are those of the author alone and may not reflect the editorial position of ClarkCountyToday.com
Washington’s existing tax system is extraordinarily lopsided. Households in the bottom 20% of income pay 13.8% of their total income in taxes, while those in the top 1% pay only 4.1%. Only Florida has a more regressive tax structure than Washington.
Revenue is earmarked for public education, early learning and childcare, and healthcare. Crucially, it’s also paired with targeted tax relief: every small business grossing under $300,000 — roughly 65% of all businesses in the state — would be exempt from the B&O tax starting in 2029, which would be the largest small business tax cut in state history.
Independent polling shows 54% of Republicans, 52% of Independents, and 71% of Democrats support the concept of taxing millionaires.
Anthony Teso
Camas
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