Monthly Archives: November 2013

Braun supports incentives for aerospace, insists on transportation reform before revenue

Sen. John Braun supported measures passed by the Legislature today that will encourage growth in the state’s aerospace industry and give Boeing more incentive to produce its new 777X aircraft in Washington.

Although he remains concerned about state government showing favoritism toward certain large employers, Braun is convinced this legislation is in the best interest of everyone in the state. According to the state’s Office of Financial Management, the $8.7 billion tax investment approved for the aerospace industry would produce $21.3 billion in new state revenues over the period of 2024-40. Continue reading