capital gains tax

The political action committee Let's Go Washington is behind six initiatives to change or repeal a handful of the state's new laws and programs, with a major GOP donor financing the effort.

The Washington Supreme Court has ruled in a 7-2 decision to uphold the state's new capital gain tax.

The Washington state Supreme Court heard arguments Thursday over an effort to balance what is considered the nation’s most regressive state tax code. Democrats in Olympia enacted a 7% capital gains tax in 2021 on the sale of stocks, bonds and other high-end assets. But it faces a legal challenge from wealthy residents and business groups who say it violates the state and federal constitutions.

Washington Gov. Jay Inslee has proposed that state spending during the next two years prioritize housing, including an effort to quickly build thousands of units that would require approval from Washington voters.

A judge has overturned a new capital gains tax on high profit stocks, bonds and other assets that was approved by the Washington Legislature last year, ruling that it is an unconstitutional tax on income.

Washington Senate Democrats on Friday proposed a capital gains tax that would fund a suite of tax reductions for low-income families, small businesses...

"It is time to reinvest in Washington," Gov. Jay Inslee said Thursday. He proposed that the state adopt a new capital-gains tax to help fund a $39 billion…