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State wealth tax bill garners support in WA Senate hearing

OLYMPIA – A bill currently before the Washington State Senate would levy a special wealth tax on financial assets with an assessed value of more than $250 million.

“We have an upside-down tax code that’s deeply in need of reform, and we continue to have massive needs for investments in education, housing, services for those with disabilities, and so much more,” said Senator Noel Frame, sponsor of Senate Bill 5486. ....

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