>Isn't the general argument that state taxes mean almost nothing to businesses like Boeing, Microsoft, Amazon, et al (in Washington State) but are actually a huge pain in the ass for small/mid-size businesses?
"The bill proposes increasing the state business and occupation tax by 20 percent on about 40 categories of technical services, such as telecom, engineering, medical and finance. And by 33 percent on tech firms with more than $25 billion in annual revenue.
But here’s where this goes off the charts, into politically unheard-of territory. It mandates a top rate, a whopping 67 percent business tax increase, for those “advanced computing businesses” with “worldwide gross revenue of more than one hundred billion dollars” per year."
Not sure if you read more than the headline but I don't think this bill targets small/mid-size businesses.