Capital gains tax passes House, heads to Senate for concurrence

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After several hours of debate, the House passed the Senate’s capital gains tax bill Wednesday in a 52-46 vote, bringing Democrats one step closer to rebalancing Washington’s tax code. The bill now heads back to the Senate for final concurrence. The bill imposes a seven percent tax on capital gains in excess of $250,000, realized from the
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Capital gains tax passes House, heads to Senate for concurrence

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