The tariffs on international goods that the Trump administration has said would extract substantial revenues from foreign governments and companies has done quite the opposite, according to a German economic policy think tank. 

Reviews are in for Washington Gov. Bob Ferguson’s debut budget blueprint. They are mostly two thumbs down.

As lawmakers go about their work this session, let’s hope they understand that they can’t make Washington more affordable by making it more expensive.

Washington state lawmakers begin a 60-day session Jan. 12, in which a fiscal reckoning, flood recovery, and their own reelections loom large.

Federal tax officials have set medical and military moving mileage rates slightly lower while charitable mileage rates remain unchanged for 2026. 

“We are facing falling revenue, rising costs, and budget cuts and chaos coming from the Trump administration,” Gov. Bob Ferguson said. “I’m providing a road map for the Legislature. This is, of course, the first step in a conversation about how best to balance our budget.” 

Some legislative Democrats are eyeing a 9.9% “millionaires tax” on adjusted annual gross income over $1 million. Ferguson endorsed this version of the proposal. Less than 0.5% of Washingtonians would be subject to the tax, and it’s expected to raise $3 billion per year. 

The next legislative session is fast approaching and some state lawmakers are wasting no time in signaling their intent to either fully remove or limit the impacts of the slew of new state taxes approved in the 2025 legislative session. 

Washington Gov. Bob Ferguson unveiled a plan Dec. 19 to steer $3 billion into preserving the state’s roads and bridges and building three new ferries over the next decade.