✉news WorldPolitics first seen 12 h ago, last 12 h ago, peak #27
Washington's Millionaires Tax Faces Repeal Push
Original: Washington Taxed Its Millionaires. Now the Rich Want It Repealed.
Wealthy residents of Washington State are pushing to repeal the capital gains tax on high earners that state lawmakers adopted to raise revenue for education and childcare. Opponents, many of them millionaires, argue the tax drives the rich out of the state, while supporters defend it as a modest levy affecting only the largest gains.
Why now: The wealthy campaign to repeal the tax has drawn public attention to ongoing debates over taxing the rich in Washington.
Washington StateNew York Times
Evidence
- Washington Taxed Its Millionaires. Now the Rich Want It Repealed. · The New York Times
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