With Palumbo out, capital gains tax gets real for Democrats
OLYMPIA — The resignation of Guy Palumbo from the state Senate gives progressive Democratic lawmakers a clearer path to a capital gains tax, one of the few political peaks they failed to summit in the 2019 session.
Will they take it is a question to be mulled these next few months.
Palumbo was among a quartet of the 28-member Senate Democratic caucus unwilling to support such a tax. Without those four votes, all ideas were destined to die.
The Maltby Democrat quit May 24 and Rep. Derek Stanford, D-Bothell, announced Tuesday he wants to fill the seat in the 1st District. If he gets the gig — and he’s a favorite — it changes the equation.
Stanford, a data science consultant, is not averse to a capital gains tax which House Democrats have put out there a few times in his five terms, including this year.
One suspects a change of chambers won’t alter his attitude. Thus he’d be positioned to cast the pivotal 25th vote for passage in the Senate — presuming Democrats will be still interested in making this dangerous political trek in 2020, an election year.
https://www.heraldnet.com/news/with-palumbo-out-capital-gains-tax-gets-real-for-democrats/?utm_source=DAILY+HERALD&utm_campaign=6fdb863684-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-6fdb863684-228635337
