Rep. Brandon Vick: ‘Forecast demonstrates no new taxes are needed’

Rep. Brandon Vick: 'Forecast demonstrates no new taxes are needed'

The Washington State Economic and Revenue Forecast Council today released its quarterly revenue forecast for the 2011-13 biennium and the 2013-15 biennium. The council is projecting a $19.1 million decrease in expected revenues for the 2013-15 biennium, primarily due to federal sequestration reductions, reinstatement of the federal payroll tax, and a state economy that remains fragile. The forecast has also been reduced by $48.7 million for the 2015-17 biennium. An improved trend in housing construction and sales is expected to help buffer against further revenue reductions.

Rep. Brandon Vick, R-Felida, assistant ranking Republican on the Business and Financial Services Committee, responded with this statement:

“While the forecasted revenue wasn't as high as we expected, there is still growth, which shows we have a recovering economy. With this good news I see no need for new taxes on families and hardworking taxpayers to balance the budget. At this point we have already seen $10 billion in proposed tax increases and any arguments in favor of additional taxes would only be due to politics.

“Politics and the economy are closely linked however, in this area especially, partisan gamesmanship must be put aside to create certainty for employers. Raising taxes would only add more uncertainty for employers which negatively impacts jobs and our economy. We must put people before politics and focus on getting Washington working.

“My fellow Republicans and I have proposed many common sense solutions to create jobs, strengthen the economy and boost personal incomes. We have also created an education budget that allocates $800 million more for education without raising taxes. It is time for the Legislature to examine its priorities and put forth a budget that neither taxes our citizens nor damages the fragile economic growth we are experiencing.”

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Washington State House Republican Communications
houserepublicans.wa.gov