Rep. Cyndy Jacobsen opposes funding the state budget by increasing the capital gains income tax
Rep. Cyndy Jacobsen, R-Puyallup, speaks on the House floor against Senate Bill 5813, which will add an additional 2.9 percent excise tax on individual’s Washington capital gains exceeding $1 million. It will also increase the qualifying family-owned business interests deduction amount for the estate tax to $3 million and provide annual inflation adjustments. Jacobsen outlines the dangers of relying on these types of taxes to fund Washington’s budget. Click below to watch.
