We know Washington has an upside-down tax code where the wealthiest pay the least, we know we already lack sufficient revenue to provide critical state services, and we know our State budget is chronically, structurally falling short.
Add the Federal government’s HR 1, and we’re now facing a budget disaster that could mean deeper cuts to those who have the least to spare—low-income and working families. Our union has a plan and is ready for the fight.
It’s time to pass a millionaire’s tax—by taxing 10% on incomes over $1,000,000, we can raise nearly $3.5 billion a year to invest in education, healthcare and critical safety net programs.
Middle class and working families pay far more of their income than the wealthiest through more regressive taxes like sales tax. A millionaire’s tax will allow us to rebalance taxes while investing in essential public services. If we don’t raise this revenue, working families will pay the price—like cuts to our schools, Medicaid, food assistance and more.
What comes next?
We are working with our champions in the state Legislature to introduce a Millionaire’s Tax bill. They need to hear from their constituents that we support it.
Follow progress on this bill as it updates here on this site!