OLYMPIA, Wash. (AP) — House Democrats have released their two-year budget plan that uses a mix of state and federal money to increase spending in areas hit hardest by the pandemic. And like the Senate plan released a day earlier, it includes a new tax on capital gains. The $58 billion House plan comes in just under the Senate’s approximately $59 billion proposal, but both plans look to increase spending in areas like education, homelessness and housing and public health and health care. Both plans include a tax on stocks, bonds, and other high-end assets. The capital gains tax has has already passed the Senate and awaits a vote in the House.
Like Senate plan, House budget focused on pandemic recovery
