WEBVTT

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NOTE language:en-us

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Being attorney General,

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Bob Ferguson plans to appeal a

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judges decision to strike down

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Washington's capital gains tax.

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The judge yesterday said it

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violates the state constitution.

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The measure would have imposed a

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7% tax on the sale of stocks and

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bonds and other high end assets in

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excess of a quarter $1,000,000.

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The ruling comes after several

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challenges to the tax were

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consolidated last month into a single

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case against Washington State.

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The Republican budget leader tells us

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he's not surprised by the judges decision,

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saying the state.

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Already has enough revenue.