Understanding the 2025 Tax Increases

Representative Mike Steele decried the tax increases enacted during the 2025 legislative session, which he labeled the largest in Washington's history. He argued these hikes, including higher property taxes and a gas tax increase, will severely impact working families and small businesses rather than just the wealthy. Steele highlighted the drastic decline in Washington's business rankings, noting the state now ranks 48th in cost of doing business, a stark contrast to its previous top position. He voiced strong opposition to the state budget that cuts essential services, including healthcare and education, which he believes will exacerbate the struggles of vulnerable populations. Steele's amendment to increase Medicaid reimbursements was rejected, raising concerns about healthcare affordability.

He emphasized that the new tax policies will drive costs up for everyone, contradicting claims of targeting only the affluent. The implications of these legislative changes are expected to linger, affecting the economic landscape for years. Constituents have expressed worries about their financial future amid these developments.