John Braun: Pass I-2109 to end tax on capital gains
There are many reasons to repeal Washington’s tax on income from capital gains by approving Initiative 2109. One is that Washington voters, when asked about an income tax, have already said “no” 11 times. The vote folks may remember best was from 2010.That ballot measure would have taxed the top 3% of incomes in Washington. […]
What’s the cost if WA voters reject capital gains tax, end cap-and-trade?
A pair of new reports outline financial consequences if voters approve ballot measures this fall repealing Washington’s capital gains tax and scrapping its cap-and-trade program. Passing the initiatives will dry up significant streams of revenue the state government is counting on for programs ranging from child care and early learning to electric vehicles and clean […]
Over 850,000 signatures turned in for No State Income Tax and Repeal of Capital Gains Tax initiatives
TUMWATER—Citizen’s action group, Let’s Go Washington, turned in to the Washington State Secretary of State’s Office on Thursday over 850,000 signatures for another two statewide initiatives for a total of five so far of its goal of six by December 28, 2023. Initiative 2111, No State Income Tax, garnered an incredible 439,000 signatures, and 420,000 signatures […]
Judge overturns Washington state’s new capital gains tax
UPDATED [12:29 AM MARCH 2, 2022]: Added the Republican response to the capital gain tax ruling DOUGLAS COUNTY, March 1, 2022 – Today, Douglas County Superior Court Judge Brian Huber overturned a new capital gains tax that was signed into law last year by Governor Jay Inslee. Huber ruled that it is an unconstitutional tax […]
State Senate approves 7% capital gains tax
By Mario Lotmore | Lynnwood Times Staff Olympia, Wash., March 6, 2021 – Today the Washington state Senate narrowly passed SB 5096 to impose a 7% capital tax on the sale of stocks, bonds, and other high-end assets in excess of $250,000 for both individuals and couples. Those persons who profit more than $250,000 in […]
Inslee proposes $3.5 billion Capital Gains tax in 2021–2023 budget proposal
By Office of the Governor The next biennium remains more than $3.3 billion below where it was before the pandemic hit. A new 9% tax to capital gains earnings above $25,000 for individuals and $50,000 for joint filers. A new capital gains tax on the sale of stocks, bonds and other assets. Exemptions are provided […]
Federal judge overturns $72 million Zunum lawsuit against Boeing
SEATTLE—U.S. District Judge James Robart tossed out a $72 million lawsuit against Boeing on Wednesday, August 14, brought forth by defunct electric-aircraft startup Zunum Aero who alleged that Boeing had “stolen its technology” and shared it with other industry partners. Zunum Aero was founded in 2013 by Dr. Ashish Kumar (CEO) and Matt Knapp (CTO) […]
Complaints by progressive groups against Let’s Go Washington won’t be sent to AG’s office
OLYMPIA—The state Public Disclosure Commission decided Thursday, July 25, to retain jurisdiction on a complaint alleging Let’s Go Washington and its founder Brian Heywood violated campaign finance laws in the course of gathering signatures for six initiatives last year. An alliance of progressive groups, which filed the complaint a year ago and is now opposing three of […]
Gangs in control of Haitian capital, civil war imminent
PORT-AU-PRINCE, Haiti—Violent gangs have taken hold of Haiti’s capital, Port-au-Prince, overpowering the nation’s police and plummeting the city into chaos. More than 360,000 Haitians have already fled the city seeking refuge in traditionally safer, southern regions, according to a new report by the U.N.’s International Organization for Migration. Meanwhile gunmen have open fired at government […]
Major US banks considering legal action against federal regulators
WASHINGTON, D.C.—First reported by Semafor on January 11, Bank Policy Institute (BPI), a nonpartisan public policy and advocacy group representing the nation’s leading banking institutions, is gearing up to sue U.S. regulators over proposed rules that would increase capital reserve requirements on banks with total consolidated assets of at least $100 billion. The changes would […]
