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Inslee: Democrats’ proposal for new taxes now off the table in state budget talks

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OLYMPIA, Wash. (AP) — Gov. Jay Inslee says closing some tax exemptions should be the compromise that the House and Senate consider in order to reach a budget agreement quickly and avoid a partial government shutdown.

Inslee said Friday that a new capital gains tax that had been proposed by House Democrats is now off the table, and he said that the middle ground for both sides would involve closing exemptions to address the estimated $300-350 million difference between both chambers’ budgets.

House leaders said Friday that they are still working on a list of potential exemptions that could address the gap, and Senate Republicans confirmed that they are open to that approach.

A new two-year budget must be signed into law by midnight June 30 or else dozens of state agencies could completely or partially close and more than 26,000 workers would be furloughed, according to the state Office of Financial Management.

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4 comments

  • dg54321

    For once, I can say good job Republicans for standing your ground on this issue and not letting the Democrats bully their way into our wallets, yet again. I’m sure they’ll just pass what they want behind closed doors later on as they always do in Olympia, but your efforts are much appreciated regardless.

  • "peety"

    great, take it out of the middle class instead. GOP will fight for one thing only, protecting the rich (themselves)

  • Patty Braithwaite

    I can’t believe this isn’t taken care of yet. I would bet money, if the senate knew they weren’t going to get paid til this problem was settled, this would be a totally different story. This just makes our state look absolutely stupid! Get off your cell phones, quit taking selfies, stay off the U.P. golf course, get to work and do your job! Who’s in charge here?