The relationship between taxes and the economy is a complex one. Since most taxes collected in the country are levied by state and local governments, and states have very different systems and rates of taxation, the impacts of taxes on economies and societies will vary around the country.
Overall, retailing of merchandise is higher than pre-pandemic levels, as households spend more of their money on goods and less on services.
Economists have been predicting that the recovery from the pandemic recession would hit a wall, and we have hit that wall in Washington.
After six months we have a pretty good idea what sectors are are going to struggle for another year or two. Focusing on occupations makes it easier to encourage the unemployed to take their skills to new sectors that have stronger growth prospects
In the newly released figures on GDP by state for the second quarter Washington got better news than nearly every other state. Washington is the third most productive state in the nation, after New York and Massachusetts