As of Wednesday evening, the state House and the state Senate had both approved versions of a capital gains tax. They are working to iron out the differences between their proposals — which are not very far apart — by the time the Legislature adjourns on Sunday.
Republicans, who are in the minority in both chambers of Washington’s Legislature, have criticized the tax as unnecessary and unconstitutional.
But Democrats have said their goal with the capital gains tax is to build a stronger state while at the same time addressing inequities in the state tax code. To Democrats, the need for structural change is highlighted by the racially disproportionate impacts of
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