Washington Budget & Policy Center: Flawed Economic Model Hurts Washington State
ITEP Work in ActionAn economic model frequently cited by some Washington state lawmakers to justify their opposition to tax increases distorts the impact of tax proposals on state economies, according to a new study from the non-partisan Institute on Taxation and Economic Policy (ITEP). The report makes it clear the Beacon Hill Institute’s State Tax Analysis Modeling Program (STAMP), is rigged to exaggerate the benefits of tax cuts for large corporations and wealthy households and to minimize the benefits of state spending on universities and community colleges, infrastructure, public safety, and other investments that help build a strong state economy.