Civic Ventures
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Nick Hanauer Critiques Progressive Taxation and Calls for Defining Which Capitalism America Supports
Seattle venture capitalist Nick Hanauer argues that the debate should focus on which form of capitalism America supports, responding to Chris DeVore’s call for Democrats to embrace capitalism. Hanauer critiques current progressive tax policies in Washington state as counterproductive, while emphasizing that capitalism is not a monolith but has many variations.
Washington Senate Passes SB 5096 25-24 as Tech Industry and Progressives Clash Over Proposed Capital-Gains Tax
Washington state's tech community is sharply divided over SB 5096, a proposed capital-gains tax targeting large gains that startups warn would hurt recruitment and competitiveness; the state Senate passed the bill 25-24 and it now moves to the House. Progressive groups and analysts counter that other tech-leading states tax capital gains and say the WTIA's claims are false, noting many startups received federal PPP aid.
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Nick Hanauer Founder, Founder and CEO
