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flag Governor proposes eliminating capital gains tax for low- and middle-income earners on gains under $250,000, starting in 2026.

flag Governor announces new proposal to eliminate capital gains tax for low- and middle-income earners, aiming to boost economic mobility by reducing tax barriers that hinder wealth accumulation. flag The plan, part of a broader economic equity initiative, would apply to investment gains under $250,000 annually and is designed to encourage saving and investing among working families. flag The measure is expected to take effect in 2026 and faces scrutiny over funding and potential revenue loss.

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