More money, fewer problems
The Washington state Supreme Court ruled on March 24 that a capital gains tax passed by the legislature in 2021 is constitutional, paving the way for hundreds of millions of dollars for early education and child care programs.
The tax was challenged by two groups of individuals who argued that the tax violated the Washington state constitution because it was an unequal tax on property. Taxes on property have to be uniform under a state Supreme Court decision from the 1930s. ...