Tax Preferences Help State’s Economy and Families

In the upcoming special legislative session in Olym- pia in May, lawmakers will be seeking agreement on a two-year state operating budget. Frequently, as bud- get debates heat up, you'll hear proponents of bigger government use their favorite phrase, "close tax loopholes," as if there is an oversight in state law that allows some to escape paying taxes. But don't be fooled. These "tax loopholes" are actually tax incentives, or officially known as "tax preferences," that were intentionally enacted by the Legislature to provide specific tax relief.

A main reason why Wash- ington provides tax pre...