May 4, 2021
While Democrats and Republicans came together around the tax credit, the capital gains tax fiercely divided the two parties.
Throughout the legislative session, Democrats insisted a tax on capital gains is an excise tax that will make Washington’s tax code less regressive. They often point to a report by the left-leaning Institute on Taxation and Economic Policy that found Washington has the “least equitable” tax system of any state. Read more
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