I despise the false-equivalency of “both sides do it” journalism, but in reading about the economic debate between gubernatorial candidates Jay Inslee and Rob McKenna, I say both sides to make important points.
Inslee is correct to focus on enhancing the clusters most important to the state: Clean energy, aerospace, life sciences, agriculture, information technology, military and maritime. A B&O tax credit for small businesses that hire people is also worth a look. McKenna is wise to want to emphasize funding education and push for paring back regulations that hurt job creation.
The reality is that if low taxes and “light” regulation were the key to economic success, then Mississippi would be Singapore. If all state government had to do was “get out of the way,” then Boeing, for example, would probably have built the Dreamliner elsewhere. State government must do many things well in partnership with business.More