Dear Neighbor,
Week 2 of our virtual legislative session is in the books. We began the week by honoring the legacy of Dr. Martin Luther King Jr with a Senate floor resolution. I spoke on the virtual Senate floor about what he means to this country. You can listen to my remarks here.
On Wednesday, the Senate State Government & Elections Committee heard testimony on Senate Bill 5114 which would move the entire state to “Phase 2” of its lockdown plan. Under "Phase 2", restaurants, gyms and entertainment venues would be allowed to reopen indoor at 25% capacity. I fully support this bipartisan bill and was happy to see that over 1,500 individuals signed up to testify and comment in support of this legislation.
Please remember that I am here to serve you. Although we may not be able to meet face to face, I encourage you to reach out to my office and to share your thoughts, ideas and concerns on matters of importance to you. And please, if you don’t already, follow me on Facebook. My contact information can be found on the right sidebar. Now, more than ever, it is vital that you are connected with the decisions being made in Olympia. I look forward to hearing from you.
Sincerely,
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Week one recap
Although this session is mostly virtual, watch my legislative update to get an inside look at what’s happening in Olympia.
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Capital Gains tax not necessary
Last week, I talked about the introduction of Senate Bill 5096 which would impose a 9% tax on the selling of long-term capital assets, or on receiving Washington capital gains beginning January 1, 2022. And how state spending has increased 40% in the last two budget cycles and that now the governor is asking for more. The Senate Ways and Means Committee held a hearing on this bill and here are a few interesting tidbits:
- 106 individuals signed in to testify on this bill – 72 people opposed it (6 were neutral)
- 522 people signed to share their opinion but did not wish to testify – 314 were against it (3 were neutral)
- Legislators were not allowed to ask those testifying any questions and the bill sponsor declined to answer any questions in public.
So what does this tell us? I believe it sends a message to lawmakers that the people of Washington state do not want this tax imposed on them.
Watch the video below to learn more about a capital gains tax
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