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Friday, June 14, 2013

Senate Approves Estate Fix in Midnight Vote

Posted by on Fri, Jun 14, 2013 at 12:17 AM

After dicking around for more than five months, and waiting until eight hours before the first refund checks would have been mailed out, the state senate finally got around to approving a compromise bill that fixes the estate tax. ESB 2075 passed by a 30-19 margin, shortly before midnight.

Now was that so hard?

The voter approved estate tax had been partially invalidated by the courts due to a technical glitch, leaving estates of wealthy couples exempt from a tax that estates of single and divorced individuals still had to pay. Had the senate failed to act tonight, the Department of Revenue would have started mailing out $95 million worth of refund checks first thing in the morning. The fix is worth $159 million to the Education Legacy Trust Account through 2015.

On the one hand, it is incredibly frustrating that it took so much time and effort to make such a simple and obvious fix. On the other hand, I suppose it is encouraging that when faced with a catastrophic deadline, senate Republicans are ultimately willing to give an inch. Perhaps that bodes well for the prospect of passing a budget in time to avoid a government shutdown.

 

Comments (13) RSS

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chaseacross 1
HahahaahahhasHOOOhahahHAHAHAhAhaaaa

Ohhh, man, Goldy, that last line was a knee-slapper.

For real, though, what's it going to take for liberal-progressives in this state to grab just a few more seats and stop this malarkey? It almost makes me want to move to another district just to try and flip it.
Posted by chaseacross on June 14, 2013 at 1:52 AM · Report this
2
@1 Go fuck yourself.
Goldy, thanks for staying up late, I was a bit worried about this bill.
Posted by crone on June 14, 2013 at 2:32 AM · Report this
Max Solomon 3
@1: they had stopped it, and (re-) elected a dem majority in both houses and the governor's office.

then 2 dem senators decided they'd rather have power than get shit done.

remember?
Posted by Max Solomon on June 14, 2013 at 6:47 AM · Report this
4
The first $13 million in "refunds" were to be sent to 10 estates, according to the ST. Any idea who the (almost) recipients were?
Posted by onalki on June 14, 2013 at 7:49 AM · Report this
5
Goldy, you are my "Readers Digest" summary for all things crazy in Olympia. I just don't have the stomach to bird-dog these fuckers anymore. Thank you.
Posted by Fizgig on June 14, 2013 at 8:20 AM · Report this
Frank Blethen's vodka distiller 6
@4 would any of their last names start with a B?
Posted by Frank Blethen's vodka distiller on June 14, 2013 at 8:52 AM · Report this
Anne18 7
RELIEF
Posted by Anne18 on June 14, 2013 at 9:04 AM · Report this
MacCrocodile 8
I bet this is because of that open letter you wrote them.
Posted by MacCrocodile http://maccrocodile.com/ on June 14, 2013 at 9:07 AM · Report this
9
Let this be a lesson to the Dems: the Republicans _will_ cave, if you hold their feet to the fire long enough. No need to give away the farm.
Posted by digitalwitch on June 14, 2013 at 9:09 AM · Report this
Will in Seattle 10
They could also just expire all tax exemptions (and I do mean ALL) and rush that through in one day).

But that takes guts, and they have to subsidize the Takers outside of King County with King County tax revenues.
Posted by Will in Seattle http://www.facebook.com/WillSeattle on June 14, 2013 at 9:43 AM · Report this
Will in Seattle 11
They could also just expire all tax exemptions (and I do mean ALL) and rush that through in one day.

But that takes guts, and they have to subsidize the Takers outside of King County with King County tax revenues.
Posted by Will in Seattle http://www.facebook.com/WillSeattle on June 14, 2013 at 9:44 AM · Report this
Max Solomon 12
@10,11: On what planet do the GORodneyToms vote for that?
Posted by Max Solomon on June 14, 2013 at 1:37 PM · Report this
Goldy 13
@8 I agree!
Posted by Goldy on June 14, 2013 at 2:25 PM · Report this

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