APNewsBreak: Key lawmaker wants capital gains tax
Monday, February 6, 2012
OLYMPIA, Wash. (AP) -- The Senate's chief budget writer is proposing that voters get to decide on not only a temporary sales tax increase this year, but also on a permanent capital gains tax that would be dedicated to paying for education.
Sen. Ed Murray told The Associated Press on Monday he doesn't want major education cuts or cuts to critical care hospitals to be decided by voters, as proposed by Gov. Chris Gregoire in November.
Instead, Murray said that he wants to see Republicans and majority Democrats maintain those programs by taking some tax votes -- on things like business and occupation preferential rates and cigarette taxes -- this session.
In addition to a temporary sales tax proposed by Gregoire, Murray wants voters to get their say on a permanent capital gains tax he says would bring in hundreds of millions of dollars a year.