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Washington lawmakers s introduce a bill to tax ‘excess’ hospital employee compensation

State lawmakers in Washington have introduced legislation aimed at imposing an excise tax on hospital employees making "excess compensation,"
Washington lawmakers s introduce a bill to tax 'excess' hospital employee compensation (Photo by: Square Center)

State lawmakers in Washington have introduced legislation aimed at imposing an excise tax on hospital employees making “excess compensation,”

State lawmakers in Washington have introduced legislation aimed at imposing an excise tax on hospital employees making "excess compensation,"

Washington lawmakers s introduce a bill to tax ‘excess’ hospital employee compensation (Photo by: Square Center)

New Bill Proposes

Rolfes’ office asked if the introduction of SB 5767 was related to the recent Supreme Court decision on the capital gains tax, but did not receive a response. Sen. Manka Dhingra, D-Redmond, took a stab at addressing SB 5767 during Tuesday morning’s media availability event held by Democratic leaders to discuss the legislative session.

I think it’s always interesting when bills drop later on in the session, and I know I was surprised to see that one,” the Senate deputy majority leader said. “But, you know, you keep hearing a lot about wealth inequities in our state and, you know, I think everyone widely recognizes that we have an upside-down tax structure.” And I think it’s always great to hear from people about their ideas on how to address inequities in our state,” she added.

Sen. John Braun, R-Centralia, noted that even before the Supreme Court decided on the capital gains tax, Democrats had introduced legislation that would increase the capital gains tax rate and lower the value exemption, applying the tax to many more Washingtonians with capital gains income.

Senate Bill 5335, which has not made it past the committee stage, would increase the captain gains tax from 7% to 8.5% and lower the threshold from $250,000 to $15,000. And we’ve been saying all along that if they get the ruling they ultimately got, that this is going to be a gateway to additional taxes on a whole realm of organizations and people around our state,” Braun said.  And I think this bill is probably a message given we’re in – we have less than three weeks left in the session – is an indication of where people are going to go when they either, as J.T. said, have concerns about a particular organization or they just need to find extra money to do something else with.

 

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