February 26, 2018
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Capital gains tax appears again with less than two weeks left in session



AWB has been telling the story of small-business owners whose retirements could take a major hit from a proposed capital gains income tax. Videos from an auto repair shop owner and from a retirement savings expert agree on one important message to the Legislature on a capital gains tax: "Don't do this!"

As proposals swirled last week about Washington imposing a capital gains tax, AWB highlighted the reality of that tax for small businesses, especially those where the sale of the company will finance retirement for the company's founders.

Financial expert Mike Wolfe of Mutual of Omaha told AWB that a capital gains tax "is not a minor thing" for business owners who have spent years building up a retirement nest egg in the form of their business.

Bron Lindgren of Bron's Automotive in Olympia added his personal story about the impact that the proposed capital gains tax would have on his retirement.

AWB's videos on the capital gains tax have been seen thousands of times on Facebook and Twitter, including tags that send them directly into the stream of legislators and others at the Capitol, helping ensure that the perspective of employers is heard on this important topic.

For more information on tax and fiscal issues, contact AWB Government Affairs Director Clay Hill at 360.943.1600.



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Capital Gains Tax
All Manufacturers Need Relief


Manufacturing jobs key to all of our communities

By AWB President Kris Johnson

The health of Washington state's manufacturing sector is a bellwether for the strength of our overall economy, and a key driver of economic opportunity for families in every city and small town across the state.

The sector is vital to the state. Manufacturing jobs support families with livable wages and benefits and they grow the local economy and tax base to ensure funding for critical services.

Along with all that positive news, is the reality is the sector needs some support.

Since 2000, Washington has lost more than 50,000 manufacturing jobs, the majority of which are not in the aerospace sector.

The good news is lawmakers are currently considering bills that would reinstate the uniform B&O tax relief. It's a move our members support as one way to jumpstart job creation in every part of the state...

Read the full guest column in The Olympian
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