Economics

Sunday Video: The Housing Tax Crisis

Uytae Lee of About Here dives into development fees and taxes, which contribute to a significant proportion of new housing costs. In many North American cities, housing taxes have been increasing much faster than inflation. But why are they increasing so much, what are they used for, and how does this affect homebuilding?
The Capitol building in Olympia is marble colored and include pillars and a dome in the classic style.

Lessons from Washington State’s New Capital Gains Tax

Taxing the rich works like a charm. Last week we learned that the capital gains tax — which was passed by the state legislature in...
Alex Pedersen poses in a suitcoat in a City Hall hallway

Budget Reckoning Has Pedersen Calling for Cuts, Not Corporate Taxes

Yesterday, the Seattle City Council dug into the latest budget projections and found the City is expected to be short between $210 million to...

Sunday Video: Why New York City Is So Huge

https://www.youtube.com/watch?v=McLgpck2i7A Johnny Harris steps back in time to find out why New York City became so successful and huge even in the age of burgeoning...

We’re Closer Than Ever To Progressive Tax Reform In Washington State

On Wednesday, the state Economic and Revenue Forecast Council released its updated revenue forecast, and in doing so kicked off one of the most...
A cloud of smoke

Sagging Revenue Forecast Prompts Seattle Council to Push Back Budget Timeline

A “grave” report from the new Office of Economic and Revenue Forecasts (OERF) showed a hit to the general fund and a steep decline...
The domed Olympia Capitol Building stands in the distance with a bus stop with a passenger waiting in the foreground. A dogwalker also mosey on the lawn.

Op-Ed: Legislature Should Close the Family Foundation Loophole for Estate Taxes

Washington State's current estate tax contains a loophole that shields estate funds that are in family foundations, showcasing the privilege of the very wealthy. The state legislature should close this loophole to reduce the need for draconian budget cuts.

Sunday Video: Does My Neighborhood Determine My Future?

https://youtu.be/pu2sKNJMH-k Vox looks at the history of redlining, practices of renting and selling property, zoning practices, public services and investments, and environmental health that collectively...