Why now: The WA Supreme Court just okayed $500 million a year in funding for childcare and education with a capital gains tax on ultra millionaires and billionaires. Now is the time to weigh in and show public support for making Washington’s tax system more fair.
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Dear Editor,
The Washington State Supreme Court just made an important ruling that will start to fix Washington’s upside-down tax code. The Court upheld a capital gains tax on the super rich, requiring them to pay what they truly owe and contribute to education and child care programs that will benefit all of us.As a mom in Auburn, it’s unfair that I pay a larger share of my income in taxes than mega-millionaires and billionaires, most of whom live in urban areas like King County.
The capital gains tax on the super rich will affect just 0.2% of Washingtonians, approximately 7,000 of the wealthiest people in the entire state. The rest of us, especially parents like me, will benefit from the increased investments in early learning and K-12 schools.
That’s great news! Lawmakers should build on that progress by continuing to fix our tax code so that it is more just and equitable. When they create the next state budget, they should make sure that those at the top pay what they owe while low- and middle-income families feel less impact.
Sincerely,
Janet Smith, 1649 Main Street, Auburn, WA
(555)555-5555 janetsmith@yahoo.com
We are a movement of educators, working families, and everyday Washingtonians advocating for progressive revenue solutions. We believe that the best way to support families and businesses during the COVID- 19 crisis is to keep money flowing to our communities, invest in people, and ask the wealthy few and profitable corporations to do their part. Together, we can build a Washington that works for all of us.
Invest In Washington Now
603 Stewart St Ste 819 Seattle, WA 98101
info(at)investwanow.org InvestWaNow.org