Thursday, June 03, 2021

A Gift for Robin Vos

Nah, it's not from me.  But if he's smart he reads this blog, and I'll give credit to The Ticker.

Here, he notes a news item from Washington State:

Governor Jay Inslee signed SB 1323, amending RCW 50B.04 to provide that, beginning January 1, 2022, Washington employers must withhold a new 0.58 percent payroll tax from all employee wages, with no cap on the amount, and remit those payments to the state quarterly. Unlike the Washington Paid Family Medical Leave (WPFML) law, there is no employer-funded premium under the new law

Why a new tax?


If you remember Washington State was one of the Medicate "expansion" state.  They trumpeted how the ACA's expansion "helped" people reduce their uninsured medical rate but now that has come back and blown up their balance sheet.

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