In an attempt to mitigate the impact of his unprecedented tax hike plan, Jay Inslee proposed granting “$223, or 61 cents a day, in tax rebates to low-income families.” Inslee’s tax rebate intentions became known after our green governor broke multiple no-new-taxes campaign promises and unveiled his $1.4 billion in taxes hikes for 2015-17.
Through his tax rebate proposal, Inslee is attempting to appear as though he is taking the struggle of working families into consideration. But, as the Washington Policy Center points out, Inslee’s “proposal does nothing for working and middle-class families.” Simple facts and figures—things our green governor often struggles to understand—reveal the truth.
Inslee’s transportation plans “includes targeted higher taxes on people living in Sound Transit’s special taxing district, comprising most of King, Pierce and Snohomish counties.” According to the Washington Policy Center, Inslee’s new taxes “would be a 5% increase in the sales tax (raising the rate by .5%), a 166% increase in the MVET car-value tax (raising the rate from .3% to .8%) and an increase of 25-cents per $1,000 in value in the property tax, or $112 on a home that officials value at $450,000.” Additionally, the taxes “would be charged every year indefinitely.”
King, Pierce and Snohomish county residents would face new Sound Transit-related taxes that, altogether, would “reduce take-home incomes… by some $634 million a year, or about $561 per household.” But, that’s not all. The tax burden on working families only increases when considering additional costs associated with Inslee’s cap-and-tax scheme and capital gains income tax.
Taking the big picture into consideration, Inslee’s tax rebate proposal does not appear all that helpful to the working and middle-class families. As the Washington Policy Center states, “it would be more thoughtful to not impose new taxes in the first place,” as Inslee originally promised time and time again.