SEL president opposes long term care tax
New income tax can't be used for 10 years
August 19, 2021
PULLMAN — Schweitzer Engineering Laboratories (SEL) President Edmund Schweitzer is working in opposition to the state's new long-term care income tax.
The Long-Term Care Trust Act was signed by Gov. Jay Inslee into law in 2019. It begins in January of 2022.
The new income tax is 0.58% drawn from workers' payrolls. The more someone makes, the more they pay. For people making $100,000, they pay $580 annually.
The money is held to pay for long-term care toward the end of people's lives. A person can draw $100 a day or up to $36,500 per year after paying for 10 years. To opt-out, employees...