State House Representatives:

Vote YES on HB 1496 - Fund Childcare, Early Learning with Tax on Extraordinary Profits

After you fill out the form, you can edit your note, and add your own personal thoughts.

What you should know...

WHAT: Sign NOW to send a letter to your two state legislators in favor of HB 1496. The first hearing on this bill is Thursday, February 11th at 8AM. That’s when lawmakers will take testimony. 

THE PROBLEM: Washington is the worst in the nation when it comes to making millionaires and billionaires pay their share like the rest of us.

Almost every other state in the nation – including Idaho, Montana, and Oregon – taxes extraordinary profits (also known as capital gains) and as a result are better situated to help their states’ economies recover from this pandemic.

 

HB 1496 would:

  • add a 7 – 9.9% tax on high-end capital gains – such as sales of stocks and bonds – only on profits greater than $200,000 (or $400,000 for couples filing jointly)
  • apply to only the top 2% of Washingtonians 
  • raise billions for Fair Start for Kids, childcare, schools, health care and other public investments. 

 

HB 1496 would NOT apply to gains from the sales of assets from:

  • retirement accounts,
  • businesses with gross receipts less than $10 million
  • residential real estate less than $5 milllion
  • farmland, timber, or livestock.
  •  

Learn more about taxes on capital gains.

 

With additional revenue from HB 1496, we’ll be able to provide more help to Washington’s struggling families and boost our state’s economy.

 

Sign your note to your legislators NOW!