Small Businesses Warn WA Lawmakers on Income Tax | Pass-Through Impact Explained

Small business advocates are warning Washington lawmakers about the potential impact of a proposed income tax on business owners. During public hearings, representatives from the National Federation of Independent Business (NFIB) argued that many lawmakers may be misunderstanding how small businesses are taxed. With roughly 85% of small businesses structured as pass-through entities, business income is often reported as personal income—potentially subjecting owners to the proposed tax on high earners. Critics say this could disproportionately affect small business owners, while supporters argue the tax targets top income levels. As the debate continues, questions remain about how tax policy could impact entrepreneurs, job growth, and the broader economy in Washington state. 🔔 Subscribe for more coverage on tax policy, small business issues, and state politics. #SmallBusiness #IncomeTax #WashingtonState #NFIB #TaxDebate #Entrepreneurs #BreakingNews #USPolitics #StatePolitics #EconomicPolicy #Taxes #BusinessNews