LETTER: Rep. Chapman should elaborate on recent comment about ‘voluntary tax’

The April 10 Peninsula Daily News’ “Eye on Olympia” feature, “Progress Slows On State Budget, Schools Funding,” includes a comment by 24th District Rep. Mike Chapman that the House plan is a “voluntary tax — people don’t have to take a short-term profit.”

Is the proposed capital gains tax limited only to short-term capital gains and excludes long-term capital gains?

As for the voluntary part, savers are often forced to sell investments, hopefully for a gain, to pay for necessities such as unplanned health care costs.

An elaboration by Rep. Chapman would be appreciated.

David Miller,

Port Angeles