She’s not telling the truth.
Democratic candidate Carol Gregory supports a capital gains INCOME tax, despite her misleading campaign mailing above.
A capital gains INCOME tax is an INCOME tax; it would tax INCOME that is already taxed up to 28% by the federal government.
It would, for the first time, set up a new state government bureaucracy for the express purpose of processing the reporting of INCOME. That bureaucracy would be the first step in implementing a state INCOME tax.
The King County and state Democrats’ platforms support a state INCOME tax and mandates that Democrat legislators and candidates use “all legal means at their disposal … toward enactment” of a state INCOME tax. That’s why the Democrats consider electing Carol Gregory a “priority campaign.”
And by the way, a capital gains INCOME tax hurts job creation and retirees who depend on savings to provide INCOME in their old age.
HELP US DEFEAT CAROL GREGORY. Donate $25, $50, $75, $100, or more to elect Republican Teri Hickel to the State House.
 – Washington State Democrats’ platform: “We call for We call for…. A progressive tax system at both the federal and state level, including taxing unearned income at the same rate as earned income, a state income tax….” Source:http://www.wa-democrats.org/issues/economic-justice-jobs-and-tax-fairness
 – King County Democrats’ platform: “Our state must institute a more progressive tax system, implementing a … personal income tax….” Source: https://www.kcdems.org/d/platform/platform-2014.pdf
 – Source: Washington State Democrats’ resolutions at http://bit.ly/1Ll15qn
 – King County Democrats website: Electing Carol Gregory is a “priority campaign” Source:https://www.kcdems.org/2015/08/live-from-renton-the-august-2015-king-county-democrats-endorsement-meeting/#more-5893