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Washington Gov. Inslee Sued Over New Capital Gains Tax


Washington Gov. Inslee Sued Over New Capital Gains Tax
The lawsuit comes as President Joe Biden pushes for big increases in federal capital gains tax rates.
Washington is one of a handful of U.S. states that doesn’t levy a personal or corporate state income tax.
Inslee, a Democrat, called the measure an “economic justice legislative package,” when he signed it into law May 4.
“This is a day where Washington state starts to make progress on making our upside-down tax system fairer and more equitable,” the governor said in a statement. “Today, we are taking steps to address this out-of-date system where working families pay a much higher percentage of their income than those who make a lot more.” ....

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