Washington State Dems Push For Capital Gains In A Year When ‘Tax’ Doesn’t Seem Like A Bad Word

By Austin Jenkins
The Washington Senate chamber sits empty before the start of the legislative session on January 11, 2021. CREDIT: Austin Jenkins/N3
Even as the state of Washington’s revenue picture improves, majority Democrats in the Legislature appear committed to a course that will, one way or another, involve raising taxes this year. Not necessarily to balance a recession-era budget, but instead to reform a tax code they view as regressive and to address gaps and inequities exposed by the global pandemic. Read More

Washington State Lawmakers May Pass New Wealth Taxes This Year. Here’s A Breakdown

By NWPB News
Washington House representatives listen to testimony,, Jan. 24, 2019, before they unanimously voted to approve a code of conduct for the Legislature. CREDIT: TED S. WARREN/AP
Each of the proposals is different. But for many Democrats, as well as others on the political left, the goal is the same: Make the richest Washingtonians pay for COVID-19 relief programs and other services that would help people who are struggling. Democrats also say the state's current tax system is highly regressive, meaning lower-income people pay a larger share of Read More

Tax A Billionaire, Raise Some Cash? It’s An Idea Washington State Democrats Are Floating

By Austin Jenkins
Forbes tracks the world's billionaires in almost real time. Now, a group of Washington House Democrats want to impose a wealth tax on Washington's billionaires.
Washington billionaires would pay a “wealth tax” under a proposal in the state House that will get a public hearing on Tuesday. The bill is sponsored by Democratic state Rep. Noel Frame, who chairs the House Finance Committee, and would impose a one percent tax on intangible financial property, such as stocks and bonds, futures contracts and publicly traded options. A Read More
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