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Lens reviews capital gains tax proposal

Washington Retail comments included

An article posted in the online news site The Lens outlines the current Legislature debate surrounding Gov. Jay Inslee’s proposed capital gains tax.

The article includes comments in opposition from Mark Johnson, WR’s Senior Vice President of Policy and Government Affairs. He emphasized the tax would be an unfair financial burden on lifelong small business owners who plan their retirements around sale of their companies.

The article makes reference to the context of the debate: that Inslee is seeking a new tax as the state has been collecting record surplus revenues. The tax would be nine percent on capital gains starting next year.

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