02-19-15: Rep. Drew MacEwen introduces major business and occupation tax reform bill (audio)
RADIO BROADCAST FEED TRANSCRIPT
Feb. 19, 2015
CONTACT: John Sattgast, Broadcast Coordinator – (360) 786-7257 / Studio – (360) 786-5046
Rep. Drew MacEwen introduces major business and occupation tax reform bill
Legislator: Rep. Drew MacEwen, Union
Date Recorded: Feb. 19, 2015
Run Time: 72 seconds
SUGGESTED LEAD: Legislation introduced in Olympia could structurally change the state’s business tax system and give thousands of small businesses a break. John Sattgast reports from the state Capitol.
(Voicer: MacEwen-B&OTaxReform-SattgastVoicer-021915.mp3 – Run time :72 seconds.)
Sattgast: Washington state has one of the highest start-up business failure rates in the nation. Many believe it’s because of the state’s complex business and occupation tax, which charges businesses on their gross receipts, regardless of whether they have made a profit. A bill introduced Wednesday by Republican Representative Drew MacEwen seeks to change that by reforming the state’s B&O tax system.
(Voice cut: MacEwen-B&OTaxReform-CLIP1-021915.mp3 – Run time :13 seconds – Out cue: . . across the state.)
MacEwen: “If you’re a small business that’s 500-thousand dollars or less in gross, you’re not going to have to pay any B&O tax. Period. And I think that’s going to be a huge benefit to the rural economies and to a lot, you know. That’s 286 thousand businesses across the state.”
Sattgast: 35th District State Representative Drew MacEwen. The plan is revenue neutral, meaning it would have no impact on the state budget. It accomplishes this by changing tax rates for businesses that gross more than 500-thousand dollars. Those larger businesses, however, have the ability to choose one of three deductions, including the cost of goods sold, one-third of revenue, or up to 200-thousand-dollars per-employee compensation.
(Voice cut: MacEwen-B&OTaxReform-CLIP2-021915.mp3 – Run time :09 seconds – Out cue: . .a competitor globally.)
MacEwen: “We bring it to a flat, fair, equal playing field across the board. And frankly, I believe that this will accelerate job growth, make Washington a leader nationally, and a competitor globally. The bill has been referred to the House Finance Committee. In Olympia, I’m John Sattgast [for KMAS NewsRadio].
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Washington State House Republican Communications www.houserepublicans.wa.gov 451 John L. O’Brien Building – P.O. Box 40600 – Olympia, WA 98504-0600 Broadcast studio: (360) 786-5046
###Washington State House Republican Communications
Broadcast Coordinator: 360.786.7257