Kevin Wallace

574 posts

Kevin Wallace

Kevin Wallace

@KevinWallace425

Seattle area apartment developer, commercial real estate investor & operator, former Bellevue City Councilmember. Serve on several civic org boards.

Katılım Ekim 2022
466 Takip Edilen371 Takipçiler
Steve Gordon
Steve Gordon@stevemgordon67·
I'll give the most divisive President in recent history credit, he knows the stakes this fall. Flipping the House is it. Stops anything from moving forward, allows for non-stop artillery shelling of Trump, and energizes them for 2028. Allows them to build the bulwark ahead of the 2030 census that would otherwise hand the country to the GOP for a decade. Replay of 2006-2008.
Barack Obama@BarackObama

Virginia, if you haven’t done it already, make a plan to vote YES on the redistricting referendum. You can vote early by April 18 or on Election Day, April 21. Find your polling place at IWillVote.com/VA.

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Kevin Wallace
Kevin Wallace@KevinWallace425·
The Seattle tax is similar in millage rate to the County (KCLS), with the county a little higher at $200/million vs the proposed $190/million. Maybe they are run equally well/not well. I don’t know. Personally, pI don’t understand why either one has value to the voter anymore. When is the last time you went to the library?
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Kevin Wallace
Kevin Wallace@KevinWallace425·
I can see how our views would be upsetting if seen as imaginary grievances. I value you and your opinion, even if it’s not the same as mine, and especially when it’s delivered with that endearing New York style! I enjoyed our repartee, Todd C, and I look forward to a future exchange. Have a blessed evening, and go Mariners!
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Brian Heywood - That Damn Mormon
Things That Cost Less Than Sound Transit 3 In 2016, Puget Sound voters approved ST3 — light rail from Tacoma to Everett — sold at $53.8B. "Just $14/month per household." It now faces a $34.5B shortfall. Total projected cost: ~$88 billion. Ballard still doesn't have light rail. ─── 🚄 Japan built the entire Shinkansen bullet train network — 1,700 miles of high-speed rail connecting Tokyo to every major Japanese city, trains running at 200mph, zero passenger fatalities in 60 years of operation. Total construction cost across all lines: ~$80B. Sound Transit is building 116 miles in suburban Seattle. For more money. 🌊 China built the Three Gorges Dam — the largest power station in human history. Powers 80 million homes. Took 17 years. Cost: $37B. Sound Transit's tab is $88B and the trains aren't running yet. 🌍 The Channel Tunnel — 31 miles bored under the English Channel connecting England to France, built simultaneously from both sides, meeting within inches in the middle. Cost: ~$25B in today's dollars. Sound Transit costs three and a half of those. Just for Seattle. 🔭 We could build 9 James Webb Space Telescopes — each one sees 13.6 billion years into the past and is rewriting our understanding of the universe. Nine of them would cost $90B. Roughly equal. One of these things will last generations. The other serves Tukwila. 💵 $10,000 cash to every single person in the Sound Transit taxing district — man, woman, child. That is, coincidentally, exactly what the new shortfall works out to per person. Sold at $14/month. Now $10,000 per person. Ballard still has a bus But trust us on the new income tax, it won’t spread and we won’t waste your money….
Brian Heywood - That Damn Mormon tweet media
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Kevin Wallace
Kevin Wallace@KevinWallace425·
I can take being called a little nerd (if the Governor can take it, I can too), but my whining is super potent! And Brian’s wit is at least three-quarter. I celebrate you Todd! Thanks for bringing me in to the club with these hilarious barbs. I really feel like one of the X guys now.
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Kevin Wallace retweetledi
Paula White-Cain
Paula White-Cain@Paula_White·
Pastor Russell Johnson was with us at Unleashed this year. God is so intent on you experiencing the transformative power of His Spirit that He will go to great lengths to shift your thinking- just like He did with Peter through the vision. You might have Jesus in your heart, yet still feel bound in your thoughts. 🔑 But you don’t have to stay there. God calls you clean. God calls you pure. God calls you righteous. subsplash.com/u/paulawhitemi…
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Kevin Wallace
Kevin Wallace@KevinWallace425·
@benkershner @loganb Waymo and other companies want statewide regulation and haven’t been able to get a bill through the legislature yet. See SB6243.
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Ben Kershner
Ben Kershner@benkershner·
@loganb What happened to the Waymo timeline? I know they announced in September that they were targeting this summer and I’ve been seeing Waymos around (with a human operator/observer). What did SDOT do?
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Logan Bowers 🏗️ 🏘️
Seattle has a whole advisory committee on bringing AVs to Seattle and it doesn't have a single member that represents the ~90% of residents who will use the system for transportation. The "underrepresented" groups at this point are the people that live here. 🙃
stevemur@stevemur

Waymo is coming to Nashville via Lyft. Nashville. Seattle used to be the city that raised its hand first for innovation like this. We were the ones who said yes before anyone else did. Somewhere along the way, municipal Progressives stopped saying yes to innovation, and started saying yes to whoever could apply the most political pressure. In this case, it's unions. That's a real loss.

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Kevin Wallace
Kevin Wallace@KevinWallace425·
@bkheywood If that was the goal, why do they have the $1m exemption? Most states don’t. Why is the rate 9.9% instead of 2.5% like AZ? Why is there a marriage penalty? Cap on charitable contributions? Most importantly, why didn’t they cut any other tax rate when they passed the bill?
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Brian Heywood - That Damn Mormon
Steve M has a similar experience with a very very TLDR response from the Pederster. Note that he clearly indicates the income tax is intended to be a broad based income tax that will affect you. AND once again he is counting on someone other than the legislature to ensure that citizens will have a vote. The income tax is neither an emergency nor a necessity and half-wittedly Jamie Pedersen is providing the receipts….
Brian Heywood - That Damn Mormon tweet media
stevemur@stevemur

“… As for the Millionaires Tax itself, roughly $1 billion per year (30%) of the revenue is dedicated to reducing more regressive taxes, and that does not include another $400 million in tax reductions for local sales taxes. The bill repeals the sales tax on services (which affects many businesses); repeals sales taxes on diapers (baby and adult), personal care products such as shampoo and toothpaste, and over the counter medicines; increases the working families tax credit; and will exempt roughly 70% of businesses from paying any business and occupation tax. It is the largest small business tax reduction in state history. Separately, and independent of the Millionaires Tax, the legislature rolled back last year’s increases in the estate tax, lowering the top marginal rate from 35% to 20%. With the passage of the Millionaires Tax, Washington joins 41 other states that already tax personal income. My goal is for our state not to be an outlier in its tax system, but to have an ordinary, plain-vanilla tax structure that produces revenue adequate to our needs, and does so fairly. The Millionaires Tax represents an important step in that direction. In any case, I fully expect that opponents will gather signatures to place the question on the ballot. So you will have a chance to weigh in on the question yourself. Again, I appreciate the chance to explain my position on this issue. Best wishes, Jamie Senator Jamie Pedersen …”

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Kevin Wallace retweetledi
WA House Republicans
WA House Republicans@WaHouseGOP·
"In Washington, regulations account for 23.8% of the cost of a new home, adding roughly $165,000 to the median price. Permit delays average 6.5 months, adding another $31,000. According to the National Association of Home Builders, every $1,000 increase in costs prices 2,200 families out of the housing market. "Local impact fees also add an average of $18,433 to the price of a new single-family home. "The math is simple: you cannot make housing more affordable by making it more expensive to build."
WA House Republicans@WaHouseGOP

x.com/i/article/2035…

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Kevin Wallace
Kevin Wallace@KevinWallace425·
@cyndy_jacobsen I hope WA investigates WA. Why isn’t every elected official from both sides of the aisle demanding accountability? Even a big government Democrat should want the big government to run well, and DCYF is obviously not running well.
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Kevin Wallace retweetledi
Future 42
Future 42@future42org·
"Each arrest, more pills than the last. Each time, SPD put him in cuffs. Each time, Washington’s sentencing limits were the limiting factor." In 2023, already convicted violent felon Leon Henderson was arrested by Seattle PD x3 times for drug dealing...and nothing. No consequences except he lost a backpack full of drugs each time. Then along came the Department of Justice... BAM! Leon was just convicted of 20yrs MINIMUM, because the feds are not limited by our stupid state (in)justice system. In this great commentary, Charlie Harger talks about Leon's story, the limitations our lawmakers have put on punishing criminals, and how everyday Seattleites living on Aurora get to live with the consequences. @KIROCharlie | @KIRONewsradio 'SPD arrested a violent Aurora Ave. pimp, fentanyl dealer 3x in 9 months. WA law tied its hands. Feds didn’t have that problem.' Article: mynorthwest.com/kiro-opinion/a…
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Kevin Wallace retweetledi
KIRO Newsradio 97.3 FM🎙
KIRO Newsradio 97.3 FM🎙@KIRONewsradio·
Bob Ferguson is facing criticism after vetoing $500,000 in funding for combating organized retail crime, as the state deals with incredibly high theft rates.
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Brian Heywood - That Damn Mormon
Its official, we have filed An Emergency Petition for a Writ of Mandamus AND An Emergency Petition for Accelerated Review To require the SOS to accept our referendum on the unconstitutional income tax just passed. Unlike the Unconstitutional Income tax that does not go into effect for 2 plus years, the referendum clock is ticking and actually is an immediate need for review and action. Simple explanation of what a mandamus is in the comments
Jerry Cornfield@dospueblos

Breaking: @bkheywood asks WA Supreme Court to direct the @secstatewa to allow a referendum on the income tax law to proceed. #waelex #waleg @letsgowa washingtonstatestandard.com/briefs/heywood…

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Kevin Wallace retweetledi
Ks
Ks@Ksaktweets·
The Senate budget assumes $2.3 billion in income tax revenue by FY 2029. Of that amount, $1.3 billion is needed just to keep the budget balanced in the following biennium, leaving about $1 billion projected as reserve or unspent funds. However, the budget assumes a very low spending growth rate of just 2.2% in the next biennium, and doesn't assume anything for collective bargaining agreements. Historically, state spending in the last decade has grown much faster—about 15% per biennium on average, with the lowest increase still being 11.3% If the state spending grew at the LOWEST historical level of 11.3%, the entire projected income tax revenue would be used up AND the state will still face about a $7 billion deficit in the next biennium. You can like the income tax, hate the income tax, or be somewhere in between. But you cannot reasonably believe that it won't be expanded in the next few years. The math won't allow for that.
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Kevin Wallace
Kevin Wallace@KevinWallace425·
@bkheywood To your point, I’m not sure people are aware THE TEXT OF THE INITIATIVE carves out situations where the parent is an abuser. As with all of your initiatives it’s well thought out, legally sound, reasonable, defensible, likely to hold up to legal scrutiny.
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Brian Heywood - That Damn Mormon
1) Trans kids are not and would not be banned from playing sports Boys would be prevented from playing on girls teams 2) Any adult that says don’t tell your parents or i will keep a secret from your parent is a dangerous adult -There are built in exceptions for cases of abuse… But the norm is that parents love their kids more than any government employee ever could and adults that say otherwise seem to consistently have a dangerous agenda that is harmful to children 3) propaganda much? Invasive exams is a nice scare tactic but it demonstrates your complete disassociation with the truth 4) You guys get government funding to push an ideology on minor children and you are teamed up with the largest richest public unions in the state — public unions that spend 10 times anything i have ever raised… spare me the we are being outspent nonsense.
Seattle 36ers@Seattle36ers

Calling out Brian Heywood @bkheywood by name. The celebration of Trans Awareness Day in Seattle continues.

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Kevin Wallace
Kevin Wallace@KevinWallace425·
It’s even more concentrated within that group. Using a typical income pyramid roughly half the revenue comes from 1,000 households earning $6m or more. We already lost one of them in Schultz. At his net worth it’s not inconceivable he makes $100m/year in income, which is roughly the same tax revenue loss as 100 households that earn $2m/year.
Kevin Wallace tweet media
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Brian Heywood - That Damn Mormon
Excerpt ‘This ‘millionaire tax’ (SB 6346) is a huge mistake. It relies on a very small group (about 20-30K households who already pay roughly a third of all state taxes) staying put. That’s the assumption everything hinges on. If roughly 1 in 6 affected households leave, the tax goes underwater. If more than that leave, the state starts losing money, fast,” he said on LinkedIn.’
Jason Rantz on Seattle Red@jasonrantz

Finance exec’s viral LinkedIn post exposes fatal flaw in Democrats’ millionaire tax math seattlered.com/economy/washin…

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Logan Bowers 🏗️ 🏘️
Just heard on KUOW about the deal for Seattle City Light to spend $1 Billion dollars on fish to be allowed to continue to operate 3 hydro dams it built 70 years ago. That works out to about $0.04/kWh, or 25% of your electricity bill*. Fish are important, but it’s a massive stealth tax on energy, likely more than it cost to originally build the dams. * on the energy from this source
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Jim Walsh
Jim Walsh@JimWalshLD19·
The WA Democrats' unconstitutional state income tax scheme that the current governor signed into law yesterday is 109 pages long. It creates a complex new tax bureaucracy based on the federal Internal Revenue Code. But it adds changes that make the WA state income tax even worse than the federal income tax. The scheme is clearly designed to apply to ALL Washington households. Buried amid all that bureaucratic junk, one short paragraph creates a weak and flimsy "threshold" exemption. That short paragraph can--and will--be deleted by WA Democrats at the first opportunity. The full text of the "threshold" is attached below. It's weak and flimsy. Designed to cave. Sound like any WA politicians you know?
Jim Walsh tweet media
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