What could a capital gains tax mean for Seattle?
Washington voters just upheld the state’s new capital gains tax — which places a 7% tax on the sale of long-term assets like stocks and bonds.
Now, the Seattle City Council is looking at a proposal to create its own capital gains tax for the city itself. Instead of benefitting schools, like the state tax, this revenue would fund things like rental assistance.
But so far, the idea is not being universally embraced by city leadership. Seattle City Councilmember Cathy Moore sits down with Soundside host Libby Denkmann to discuss why she thinks the capital gains tax idea is right for Seattle.
GUEST: Seattle City Councilmember Cathy Moore (District 5)
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Libby Denkmann
Host, Soundside
Libby Denkmann joined KUOW in December 2021 as the host of the midday show Soundside. She’s a native Pacific Northwesterner who grew up in Redmond, graduated from the University of Washington, and covered local news as a producer and reporter with KIRO Radio.
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Noel Gasca
Producer, Soundside
Noel is a producer for KUOW’s midday show Soundside. Prior to joining Soundside, Noel worked as an online editor/producer with KUOW’s web team. She’s also a proud graduate of KUOW’s RadioActive program.
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