The goal of the Working Families Benchmarking Project is to identify economic and related issues affecting Utah families and examine them through a comparative lens, evaluating Utah using a peer state as a benchmark. Many existing economic comparison studies and rankings look at the economy as a whole or at its impact on specific sectors or on employers. This project seeks to augment those very useful comparisons by focusing on how the economy is experienced by moderate- and lower-income families. It is these families whose children are most at risk of not achieving their potential in school and later in the workplace. Thus, how they experience the economy is of particular interest to Voices for Utah Children.
Employers that hire refugees see positive outcomes for their businesses, according to a report released today by the Fiscal Policy Institute and the Tent Partnership for Refugees. The study, based on over 100 interviews in four regions of the country, finds that when employers hire refugees they see lower turnover rates among refugees, and widen their pool of potential employees. In addition, many see overall improvements in the company, with their managers becoming more versatile as they adjust to working with a more diverse workforce.
These findings of positive outcomes in the workplace seem at odds with recent restrictions on the number of refugees admitted to the country. Despite record numbers of refugees around the world, the Trump Administration is currently on target to let in the lowest number of refugees resettled in recent decades.
Media
A new report finds that even in Washington — a state whose tax system has been called the nation’s most unfair to the poor — Seattle manages to stand out from the pack.
The report, published this week by the Seattle-based Economic Opportunity Institute (EOI), a liberal think tank, evaluated the tax burdens for households at various income levels in 15 Washington cities. Among those cities, the report found Seattle’s taxes to be the most regressive — in other words, hard on the poor and easy on the rich.
Many Washingtonians feel they are heavily taxed. They are – if they’re working class or middle class. Wealthy residents pay a tax rate many times lower than the rates other people pay. But due to our opaque tax system, it’s hard to understand how much we pay in taxes, or how much other people are.
This report compares the tax obligations of households at the $25,000, $50,000, $75,000, $100,000, $150,000 and $250,000 income levels in Bellevue, Bellingham, Everett, Federal Way, Kent, Olympia, Pasco, Pullman, Renton, Seattle, Spokane, Tacoma, Vancouver, Wenatchee and Yakima. In Seattle, the combination of state and local taxes results in a system which relies much more heavily on taxes on the people least able to pay, while not imposing significantly higher taxes on the wealthy.
This report also compares job growth in states and cities with their income tax structures and effective tax rates on wealthy households. In neither case is there any correlation.