Afternoon Jolt may be reading too much into Service Employees International Union 775 David Rolf's statement late today about his union's concessions—the union, which primarily represents health care workers, has tentatively agreed to give up overtime pay and taking big cuts in benefits—but Rolf is also a strategy leader for Washington's State's Democrats, so it's worth listening closely.

Rolf starts out summarizing the sacrifice his ranks are taking:

Home care workers are the lowest-paid public employees, making just over $10 an hour to do the difficult work of helping vulnerable seniors and people with disabilities get care in their own homes and communities rather than more expensive institutions. By the end of this contract, these workers will have had their wages frozen for five consecutive years, seen significant increase in their out of pocket health expenses, and seen their average income go down by as much as 15 percent due to reductions in client hours.

Okay. But then listen to this:

Low-wage workers like home care workers have now done more than our share to solve the state’s budget deficit. We call on Wall Street banks, oil companies, Microsoft and other wealthy companies who are making record profits to join us in shared sacrifice and do your part to preserve essential services for the most vulnerable by supporting the closure of their special interest tax loopholes.

State Sen. Jeanne Kohl-Welles (D-36, Ballard, Queen Anne, Magnolia) said the same thing about tax loopholes, and, like Rolf, specifically namechecked out-of-state banks, at our recent legislative preview when asked about budget solutions.

Mark Afternoon Jolt's words—or Rolf's: Voters are going to see a tax loophole repeal initiative this year. Microsoft, also namechecked there by Rolf, has an estimated $100 million year tax shelter.

Our list of $1 billion in corporate tax breaks here.