Capital Gains & Estate Tax Debate – The Washington State House debates SB 5813, a Senate-approved proposal that would increase the capital gains tax and restructure the estate tax. Supporters say it creates a more equitable tax code; opponents call it an unconstitutional income tax.
Outdated Tax Breaks on the Chopping Block – Lawmakers also take up SB 5794, a bill to eliminate several longstanding tax exemptions—impacting everything from gold sales to self-storage rentals. Proponents argue it simplifies the tax system and boosts fairness; critics say it will drive up costs for consumers.
Floor votes, passionate speeches, and what comes next as these tax policies advance through the Legislature.
(4/24/25)