WA's Capital Gains Record Won't Fix a Spending Problem

Washington's capital gains tax hauled in $1.5 billion in fiscal 2026 — $750 million above forecast — yet Ryan Frost of the Washington Policy Center argues that windfall covers less than 10% of the state's projected $7–$10 billion budget shortfall. Total state tax collections have more than doubled over the past decade, and the deficit persists. https://www.clarkcountytoday.com/opinion/opinion-record-capital-gains-revenue-wont-solve-washingtons-budget-woes/ #WashingtonState #CapitalGainsTax #StateBudget #TaxPolicy #Olympia #BudgetDeficit #WashingtonPolicyCenter #Opinion