House Democrats in Olympia on Monday proposed a budget that Rep. Sharon Wylie, D-Vancouver, said “reflects our collective values” while supporting families and teachers.
“It makes our taxes more progressive,” she said. “That was one of my criteria before we could support it.”
The $44.6 billion budget includes a 20 percent increase on business and occupation taxes for the state’s highest-grossing businesses, as well as a 7 percent capital gains tax on the sale of some stocks, bonds and other assets.
