Washington's small businesses brace for historic tax increases
Small businesses in Washington are expressing deep concerns over proposed tax increases as lawmakers confront a $13 billion budget shortfall. Leaders from various business organizations are advocating for alternatives to tax hikes, emphasizing that such measures could jeopardize the viability of small enterprises amid an already high business failure rate. With over 60 executives signing a letter to state leaders, the fear is that these tax increases could lead to significant economic instability.