Thursday, March 7, 2024

Legislature enacts another tax on workers

They call SB 6069 an improvement for retirement security.  It has no opt-out provision, so you must pay a percentage of your paycheck into the state's coffers.  Its a tax.  And it has passed both houses of the legislature and awaits the governor's signature.

Here is lie they told themselves to pass this thing.

"SB 6069 = Improving private Washington workforce retirement security standards by establishing Washington saves, an automatic enrollment individual retirement savings account program, and updating the Washington retirement marketplace statute."

In general, Democrats voted for this bill, and Republicans opposed it.  To look up your own representative or senator's vote, the vote record is posted at https://content.govdelivery.com/accounts/WAGOV/bulletins/38f5ffe 

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