Washington state's budget in flux as Republicans try to repeal carbon program

Washington state Republicans are trying to repeal both the carbon pricing program and the tax on the sale of stocks and bonds. Democrats say this would destabilize the state budget.

The initiatives to repeal the state’s landmark Climate Commitment Act and the tax on the sale of stocks and bonds are part of a broader effort by conservatives to overturn some of the biggest recent policy wins by the majority Democratic party.

"While yes there's a lot of pet projects that wouldn’t be funded going forward, a lot of that money was one time anyways," said Rep. Chris Corry, top Republican on the House appropriations committee. "But the direct result is consumers will have more money in their paychecks, which is what they’re telling us they want."