
For Our Shared Prosperity, Let's get the WA Millionaires Tax over the Finish Line!
Pop the confetti! We’re celebrating a win that you helped make possible. The Millionaires Tax (SB 6346) passed the State Senate this week!
We are so grateful to the Washington State Senators that voted yes and passed SB 6346. This is a huge step towards making our state’s tax code more equitable.
Washington State has faced a budget deficit for too long, leaving our state without the resources needed to fully fund child care, K–12 education, and health care—while working families shoulder the cost and the wealthiest few contribute the least.
The Millionaires Tax will help rebalance the scales, generating nearly $3.5 billion annually from just 0.005% of the population to strengthen our state budget and help offset federal cuts to food assistance, health care, and other essential programs enacted by President Trump’s big ugly bill passed last summer. Only an estimated 20,000 households make over $1 million a year—the top 0.2% of Washingtonians.
This major milestone didn’t happen by accident! Our state lawmakers hear from us often—and it’s just as important that they hear our gratitude as it is our concerns. Encouragement sustains the momentum for bold decisions and reinforces that the community stands behind them!
Our state is currently facing a $2.3 billion budget shortfall caused by Trump’s tariffs, billionaire tax breaks, and federal cuts to health care, education, food assistance, and more. To manage that, the Governor has proposed $322 million in cuts to child care and early learning this year—meaning families are going to bear the cost. The impacts will be felt across our entire state: Washington’s worsening child care crisis will take a $6 billion hit to the state’s economy each year if we don’t take action. It’s time for the House to step up and pass a new, fair way to raise money for our state, stat!
Thank you for all that you do!
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