Rep. Chris Corry releases statement on the House Finance Committee’s approval of a trio of bills set to increase taxes by more than $4 billion

Rep. Chris Corry, R-Yakima, released the following statement regarding the House Finance Committee's recent approval of three measures that would increase taxes by an estimated $4 billion. These bills would set in place a capital gains income tax, modify the real estate excise tax (REET), and increase certain business and occupation (B&O) taxes.

“Democrats on the House Finance Committee approved more than $4 billion of new taxes today. This comes at a time of unprecedented state revenue growth. We already have more than enough to meet all of our state's needs, and then some. Our state doesn't have a revenue problem, it has a spending problem.

“Instead of exercising fiscal responsibility, the Democrats are looking to fund several additional pet projects with the money of the hard-working Washingtonians.

“These taxes are unnecessary. Even worse, the capital gains income tax violates the Washington State Constitution. It also violates the will of the people who have repeatedly said they do not support a state income tax.

“We are going to continue to fight against tax increases. It's not over. In the coming days, we will debate these bills on the House floor. I'm going to do all I can to fight for the people of Washington and against out-of-control Democrat spending.”

House Bill 2156, House Bill 2157 and House Bill 2158 were approved on a party-line vote of 9 to 4, with all Republican's voting “no.” In order to become law, the bills will need to be voted on by both the House and Senate chambers.

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Washington State House Republican Communications
houserepublicans.wa.gov