VIDEO | Legislative Recap: Week 10 Recap with Rep. Peter Abbarno – It’s March Madness! Here comes the biggest tax increase in Washington state history
In his Week 10 recap, Rep. Peter Abbarno, House Republican Caucus Chair, breaks down some of the worst tax proposals in Washington state history—bills that would crush businesses, burden working families, and expand government at the taxpayers’ expense.
Among them is House Bill 2045, which imposes a massive Business & Occupation (B&O) tax increase targeting high-grossing businesses and financial institutions. House Bill 2046 introduces a new wealth tax on select financial intangible assets over $50 million. House Bill 2049 raises property taxes by lifting the growth cap from 1% to 3%, making it even harder for families to afford their homes. Adding to the financial strain, Senate Bill 5796 proposes a devastating payroll tax on large employers, a move that will drive up costs and stifle job growth.
The bottom line? Hardworking Washingtonians will be paying the price. Stay informed and engaged as these policies take shape.
