Capital gains tax obviously unconstitutional

Already technically in effect as of July 25, the capital gains tax needs to be quickly struck down as it has been wrongly painted as a legal excise tax. It will unconstitutionally be implementing a 7% tax on the sale of stocks, bonds and other investments if the profits are more than $250,000 annually. The […]

Focus 15 Episode 26 – Rob McKenna on the income tax lawsuit

In this episode of the Focus 15, TJ Martinell speaks with former state attorney general Rob McKenna who is representing the plaintiffs in the lawsuit against the state’s capital gains income tax. Listen to the full episode here.

New WA tax law could upend retirement plans. The blame is on Dems and Gov. Inslee

by the Tri-City Herald Editorial Board Kevin Bouchey of Richland should be relaxing and enjoying his first year of retirement. Instead he is anxious that the state is going to take away money he was counting on. That’s because Gov. Jay Inslee and the Washington state Legislature — led by a Democratic majority — pushed […]

Guest Column: An income tax in Washington is unconstitutional

by Dan Newhouse June 16, 2021 I’ve said it before, and I’ll say it again: An income tax in Washington state is unconstitutional. Democrats in our state legislature recently passed Engrossed Senate Substitute Bill (ESSB) 5096, a bill that would impose a new 7% tax on capital gains in Washington state. However, according to the […]

Opinion: Capital gains tax is wrong for Washington

Our state has been a center of innovation, development and a magnet for growing industries for decades. Part of what makes us competitive is the spirit of risk and reward that capital investment requires. Washington allowed families to keep more of their money to spend, save or invest and notably — income taxes were not […]