New laws will tax the rich, offer aid to low-income workers
TUKWILA — Gov. Jay Inslee on Tuesday signed bills that will impose a new tax on the state’s super wealthy and offer a bit of cash back to the poorest of Washington’s taxpayers.
Seated at a table outside the Tukwila Community Center, Inslee first put his signature on the Working Families Tax Exemption which will steer annual rebates of up to $1,200 to low-income individuals and families across the state.
Then, he inked the capital gains tax, a highly controversial measure that is already the target of one lawsuit challenging its legality.
Combined, the two laws represent a major stride of the Democrats’ left flank — backed by a coalition of social advocates and political progressives — to recalibrate a tax system considered among the nation’s most regressive because it takes a larger bite of income from those who earn the least and a smaller bite from those who make the most.
https://www.heraldnet.com/news/new-laws-will-tax-the-rich-offer-aid-to-low-income-workers/
