Tax Package Shaping Up - And It's Too Big

With the Senate poised to vote on tax legislation today, we're finally getting reports on what the compromise revenue plan looks like: a smaller sales tax increase, higher B&O taxes for more service businesses, and total new taxes of $800 million.

Here's Jerry Cornfield's blog post for the Everett Herald, which outlines the trade-offs.

The AP's Curt Woodward also reports on the negotiations. Although the compromise appears to be within reach, Woodward writes that Sen. Ed Murray still believes the session will extend to next week. The governor disagrees.

If this is what they end up with, the tax increases are too high, hit struggling families and employers too hard, and will make it harder for Washington businesses to put people back to work.