Budget, Finance & Revenue

Washington is odd state out on a capital-gains tax


Our tax system hurts middle-class and low-income families while the wealthiest reap record gains on Wall Street.

“THE U.S. economy has recovered,” the news media tell us.The signs are everywhere: The stock market is up, business is booming, unemployment is down and corporate profits are through the roof.

But if you look beneath the shiny exterior you see a different story.

Families are working harder and harder but not seeing their incomes rise. Parents who once dreamed of sending their children to college now can’t get past next week’s grocery bill or this month’s mortgage payment — much less save for their own retirement.