Seattle lawmakers reject capital gains tax proposal

Seattle lawmakers reject capital gains tax proposal that aimed to support housing and food insecurity
The Seattle City Council today narrowly defeated an effort to create a 2% capital gains excise tax on profits over $262,000 made from the sales of stocks and bonds.
Proposed Seattle capital gains tax fails to make it out of committee
(The Center Square) – A proposed local capital gains tax in Seattle failed to pass out of the Select Budget Committee. The tax would have imposed a local 2% capital gains excise tax applicable to non-retirement financial gains over $250,000.
Seattle city economists: Proposed 2% capital gains tax could spur wealth exodus
Seattle officials worry that implementing a local capital gains tax would coax wealthy residents to change their home addresses. Seattle City Councilmember Cathy Moore is proposing a local 2% capital gains excise tax that would be applicable to non-retirement financial gains over $250,
A proposed capital gains tax in Seattle draws mixed response from tech leaders and city lawmakers
The Seattle City Council on Wednesday debated a newly proposed 2% capital gains tax to support food and housing programs for the city’s low- and middle-income residents. Response so far is mixed from Seattle’s elected officials,
Seattle's capital gains tax appears unlikely to pass
Washington State voters showed broad support for the State’s Capital Gains tax thi. But the idea for a much smaller city version in Seattle is struggling to stay alive. A crucial vote is scheduled for Thursday.
Seattle council member jumps on capital gains bandwagon, proposes one for city residents
After WA voters rejected a measure to repeal the statewide capital gains tax, a Seattle City Council member plans to introduce a similar tax.
Seattle councilmember proposes 2% capital gains tax to support low-income initiatives
Seattle City Councilmember Cathy Moore is proposing a 2% capital gains excise tax modeled on the Washington state tax that on Tuesday survived a ballot measure to nix it.
Seattle could get its own baby capital gains tax
On Tuesday, Seattle City Councilmember Cathy Moore plans to present the city council with a new idea: A 2% capital gains tax. It’s a baby version of the 7% capital gains tax voters just upheld for Washington State.
Seattle council member proposes tax for housing, nutrition help
The proposal comes just after Washington voters overwhelmingly rejected a ballot initiative to repeal the state's new capital gains tax.
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Seattle capital gains tax proposal rebuffed by City Council
Seattle won’t establish a capital gains tax at the city level, at least not now. In a close vote Tuesday, the City ...
Seattle City Council narrowly rejects capital gains tax proposal
Budget deliberations found "there's not a lot to cut" in next year's budget. "So that does leave us at the point where we do ...