Boeing Got $7,250 In tax Breaks For Every Lobbying Dollar
Sad that corporations are struggling, eh?
…a ramped-up lobbying push in Washington state…ended with a massive $8.7 billion tax subsidy, according to an analysis of lobbying data released Thursday. The tax break came as part of a deal to keep production of a new jet, the 777X, in the Seattle area…
The deal to keep production of the new jet in the Seattle area was clinched in January when unionized workers in the state agreed to a new contract they basically hated.
In the aftermath, Boeing threw state lawmakers a thank-you party.
Ordinary taxpayers in Washington state aren’t as fortunate as Boeing. Washington has one of the most regressive tax systems of any state in the country. A recent report by the Tax Foundation found that Washington has the fourth-highest average sales tax rate in the U.S.
Low-income people in Washington state are taxed at six times the rate as a share of their income as the top 1 percent, an economist for the Center for State Tax Policy recently told the Washington Post.