Political Buzz

Talking WA politics.

NOTICE: Political Buzz has moved.

With the launch of our new website, we've moved Political Buzz.
Visit the new section.

Democrat Jinkins adds capital gains tax to agenda

Post by Brad Shannon / The Olympian on Jan. 17, 2012 at 11:40 am with No Comments »
January 17, 2012 2:22 pm

Democratic Rep. Laurie Jinkins of Tacoma has introduced a 5 percent capital-gains tax that she says could bring in anywhere from $215 million to $650 million a year, based on recent flux in the economy. It comes on the heels of another Democratic proposal to impose a 1 percent income tax and eliminate or reduce other taxes that was introduced last week in the Legislature.

Jinkins’ proposal, which is co-sponsored by 25 other Democrats, is described in House Bill 2563. The second-year lawmaker said she is not earmarking the potential revenue for any one cause, or proposing a ballot measure – although she said one is possible in the spring or November.

General Politics
Leave a comment Comments
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part and abiding by these simple rules.

Follow the comments on this post with RSS 2.0