Washington: Chamber takes stance initiatives
The Chamber opposes I-1098, the proposed income tax on individuals earning more than $200,000. The Chamber noted that the initiative also would tax S corporations, limited liability companies and partnerships and would be very damaging to many Eastside companies. “For local businesses, Initiative 1098 creates an additional 9 percent tax on top of the B&O taxes they already pay,” said Jean Bartell Barber, Vice Chairman and Treasurer of The Bartell Drug Company. “National competitors will pay no additional tax.