by Rich Smith • Mar 6, 2021 at 6:08 pm
About goddamn time. Lester Black
After nine long years of effort and a long debate Saturday afternoon, the Washington state Senate narrowly passed a proposal to tax capital gains on a 25-24 vote.
Democrats who joined Republicans in voting against the measure predictably included Sens. Mark Mullet, Steve Hobbs, Annette Cleveland, and Tim Sheldon.
The bill will now head back to the House for approval, which it will likely receive given that chamber s support for the tax in the past. Governor Jay Inslee included a version of capital gains tax legislation in his budget proposal this year and in previous years, so he won t be a roadblock either.