Lawmakers scramble on Boeing tax breaks

first_imgOLYMPIA — Washington lawmakers moved swiftly Saturday to extend aerospace tax breaks in a bid to satisfy Boeing Co. and win the manufacturing work that will come with the company’s new 777X production.The Legislature gave final approval to extend the tax incentives — worth a total projected value of $9 billion — all the way to 2040. Lawmakers then adjourned their three-day session without taking up a transportation package that Gov. Jay Inslee had sought.Legislators from both parties touted the importance of the Boeing jobs, especially for the long-term. Senate Majority Leader Rodney Tom, a Democrat who leads a largely Republican caucus, said the company has had an enormous impact on the state over the years and said the bill was a way to make sure it continues.“It’s an incredible opportunity that we can keep this going for the next generation,” Tom said.Even though the tax breaks weren’t set to expire for several more years, Inslee called the Legislature back to Olympia this week for a special session dedicated to the Boeing bills. Along with the tax package, lawmakers voted to spend millions of dollars on worker-training programs and an effort to aid permitting for large aerospace manufacturing sites.Inslee said the bills were necessary in order to win the manufacturing work that will come with Boeing’s new 777X production. He praised the bipartisan work that went into the package and said the deal will reverse the outflow of aerospace jobs from the state.last_img read more

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