Rep. Jim Walsh releases statement on a trio of bills set to increase taxes by more than $4.5 billion

The House Finance Committee recently approved, by a 9-4 vote, three bills set to increase taxes by more than $4.5 billion. These partisan measures would create a capital gains income tax, increase the business and occupation (B&O) taxes on certain services, change the graduated real estate excise tax (REET), and eliminate the nonresident sales tax exemption.

Rep. Jim Walsh, R-Aberdeen, released the following statement regarding the proposed tax increases.

“Tax increases are not only unnecessary—they're indulgent. State revenue collections are at historic levels. We have more than enough to meet our state's needs, grow existing services and keep our commitments to K-12 education.

“It's worth noting pro-tax lawmakers waited until the final week of session to speak in detail about their plans. Clearly fiscal restraint and responsible spending are not their top priorities.

“Washingtonians deserve better. Increasing taxes at a time when our state is collecting more revenue than ever—from existing resources—is wrong. We can't afford to overburden working families and businesses. I'm opposed to all of these taxes and when the time comes, I'll be voting no.”

In order to become law, House Bill 2156, House Bill 2157 and House Bill 2158 need to be approved by both the House and Senate chambers.

The 2019 legislative session is scheduled to adjourn Sunday, April 28.

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Washington State House Republican Communications
houserepublicans.wa.gov