House Dems: New Funds For Education; Also New Taxes
A $38.8 billion dollar operating budget proposed by House Democrats Friday focuses on allocating funds for education. They are looking to increase K-12 education funding by $3.2 billion. Some tax-payers may not be pleased with where that money is planned to come from. Much of the revenue for new education spending is slated to come from a 5% excise tax on capital gains transactions in Washington.