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Knight Ridder/Tribune Business News
FEB-05
The News Tribune, Tacoma, Wash., Dan Voelpel column.
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The News Tribune, Tacoma, Wash., Dan Voelpel column.
Publication: Knight Ridder/Tribune Business News Publication Date: 28-FEB-05 |
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COPYRIGHT 2005 Knight-Ridder/Tribune Business News
By Dan Voelpel, The News Tribune, Tacoma, Wash. Knight Ridder/Tribune Business News
Feb. 28--TAX INCREASE ON MINICASINOS AKIN TO MUGGING:
"My understanding is the (companies) that are named in the 20 (that will go out of business) are those that are already losing money. So this (new state tax) would simply tip them over the edge. And what will is the ones remaining will be that much stronger. Because the major problem is there's simply too many of them."
--Sen. Margarita Prentice (D-Renton), chairwoman of Ways & Means Committee
Welcome to doing business in the state of Washington with the Democratic Party in charge and a $2.2 billion budget deficit.
Knowingly and willfully taxing some companies out of business becomes acceptable -- with twisted justification that government, rather than consumers, should winnow the marketplace.
Maybe the context of Sen. Prentice's quote will influence how you feel about it. The companies she predicts will go out of business are...
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