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Business leaders quiz Clark County legislators on capital gains tax, I-5 Bridge, COVID relief


Business leaders quiz Clark County legislators on capital gains tax, I-5 Bridge, COVID relief
Published: May 23, 2021, 6:07am
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State Rep. Jacquelin Maycumber, R-Republic, left, talks with state Rep. Monica Stonier, D-Vancouver, right, on the otherwise empty floor of the Washington House, Wednesday, April 21, 2021, at the Capitol in Olympia, Wash. With most representatives attending remotely, lawmakers were considering a proposed new tax in Washington state on capital gains that would be imposed on the sale of stocks and bonds in excess of $250,000. (AP Photo/Ted S. Warren)
Southwest Washington business community leaders held their annual Legislative Review on Friday, quizzing lawmakers from the 17th, 18th and 49th districts about their work during this year’s session and their biggest priorities going forward. ....

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Inslee signs capital gains tax into law even as legal challenges loom


Gov. Jay Inslee on Tuesday signed into law a new capital gains tax and an expanded version of the state s Working Families Tax Exemption which has never before been funded.
Washington Gov. Jay Inslee on Tuesday signed into law a new tax on capital gains aimed at the state’s wealthiest residents.
But the future of the tax is uncertain.
Already, the conservative Freedom Foundation has filed a lawsuit challenging the constitutionality of the tax. At least one other lawsuit is expected. The challenges could go all the way to the state Supreme Court.
However, the tax’s legal limbo didn’t dampen the bill signing ceremony which was held at the Tukwila Community Center and attended by the mayor of Tukwila, Democratic lawmakers and progressive advocates. ....

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Washington Governor signs economic justice legislative package


Washington Governor signs economic justice legislative package
May 4, 2021 3:31 PM
Dylan Carter
Ted S. Warren
A person walks near the Legislative Building, Wednesday, April 21, 2021, at the Capitol in Olympia, Wash. On Wednesday, lawmakers were considering a proposed new tax in Washington state on capital gains that would be imposed on the sale of stocks and bonds in excess of $250,000.
OLYMPIA, Wash. On Tuesday afternoon, Washington Governor Jay Inslee signed what’s being described as an economic justice legislative package that includes a tax on capital gains and a tax credit for working families in need.
Joined by legislators, community groups and elected officials from around the state, Inslee signed the bill at the Tukwila Community Center. There, he spoke to the group and via live stream to Washingtonians about the possible upside fo this new package. ....

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KUOW - Inslee signs capital gains tax into law as legal challenges loom


Inslee signs capital gains tax into law as legal challenges loom
Washington Gov. Jay Inslee on Tuesday signed into law a new tax on capital gains aimed at the state’s wealthiest residents.
But the future of the tax is uncertain.
Already, the conservative Freedom Foundation has filed a lawsuit challenging the constitutionality of the tax. At least one other lawsuit is expected. The challenges could go all the way to the state Supreme Court.
However, the tax’s legal limbo didn’t dampen the bill signing ceremony which was held at the Tukwila Community Center and attended by the mayor of Tukwila, Democratic lawmakers and progressive advocates. ....

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New taxes are likely even as Washington is flush with cash


New taxes are likely even as Washington is flush with cash
Democratic lawmakers say now is the moment to fix the state’s regressive tax code, which they say unfairly burdens low-income people.
By Melissa Santos, Crosscut
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In this photo taken March 23, 2020, cherry trees bloom next to the Capitol building in Olympia, Wash. (AP Photo/Elaine Thompson)
A decade after the Washington Legislature slashed programs during the Great Recession, lawmakers now find themselves in a very different situation. They have plenty of money to maintain existing programs through the next two years and beyond.
But top Democratic leaders say the status quo isn’t good enough and hasn’t been for some time. ....

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