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Senator Mark Schoesler, R-Ritzville, speaks at a House and Senate Republicans' event in 2018. When a 2021 bill instituted a capital gains tax in the state of Washington of 7% for the sale or other voluntary exchange of long-term capital assets by individuals, Schoesler described the bill as "sleazy" and a "gateway drug for an income tax."

Senator Mark Schoesler, R-Ritzville, speaks at a House and Senate Republicans' event in 2018. When a 2021 bill instituted a capital gains tax in the state of Washington of 7% for the sale or other voluntary exchange of long-term capital assets by individuals, Schoesler described the bill as "sleazy" and a "gateway drug for an income tax."

May 25, 2024

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Opponents of WA capital gains repeal hit campaign trail
May 25, 2024 4:34 p.m.

Opponents of WA capital gains repeal hit campaign trail

(The Center Square) - Backers of the No on Initiative 2109 campaign are off and running. I-2109, set for the ballot in November, asks voters to repeal the capital gains tax. State lawmakers passed a capital gains tax in 2021. It taxes 7% on the sale of stocks and bonds and other assets above $250,000, with some exemptions.