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(Olympia, WA)  --  The budget plan released by House Democrats in Washington contains about three-billion dollars in new taxes.  The "Seattle Times" reports the 44-point-six-billion-dollar proposal aims to satisfy the Washington State Supreme Court's mandate to adequately fund public education by instituting a seven-percent tax on capital-gains earnings above 25-thousand dollars for single filers and 50-thousand for joint filers.  It would also raise Washington's business-and-occupation tax rates 20 percent, but businesses with less than a quarter-million in annual gross revenue would be exempt from paying the tax.  The 43-billion-dollar budget plan released last week by Senate Republicans would replace local tax levies with a statewide property tax to fund basic education.

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