This week, a meaningful opportunity for Washington State to fix its inequitable tax code and stabilize our state’s overall health was introduced in the legislature.

The Millionaires Tax Proposal (HB 2725/SB 6346) is officially live! CLICK HERE to quickly and easily let your lawmakers know you support fairly taxing households with annual earnings of $1 million+. 

As you've heard from us before, Washington State is in a major budget crisis and families are bearing the brunt of it. Our state budget lacks the resources to adequately fund child care, early learning, K12, health care, and other essential family programs because our tax code is upside down. This means working families pay a higher share of their income in state and local taxes than the wealthiest few.

This year alone, the Governor has proposed $322,000,000.00 (yes, $332 million) in cuts to child care and early learning. In fact, 40% of his total proposed cuts were *just* to child care. If the legislature approves these cuts, child care affordability and access for everyone will be undercut – those who pay in full and those who utilize subsidies. At the same time, our state is reeling from additional cuts to federal food assistance, health care, and other essential programs made by President Trump over the summer in his Big, Ugly Budget Bill. 

There's never been a better time for Washington State lawmakers to pass a Millionaires Tax!

This Millionaires Tax (HB 2725/SB 6346) will be a major structural shift in the direction of fairness and tax justice. It asks millionaires to pay a little more while simultaneously expanding the state’s earned income tax credit, doubling tax exemption for small businesses, and removing sales tax on essential items. It’s a win-win-win. It will bring more sustainable revenues to our state resources in the future, making us less reliant on regressive taxes like the sales and property tax. 

Here’s how it would work: The Legislature can enact a 10% tax on households earning above $1 million on an annual basis. By taxing just 20,000 of the wealthiest people in Washington (only 0.005% of the state’s working population), we can bring in nearly $3.5 billion a year in new revenue for good schools, affordable health care, housing, and nutrition. 

Make sure your state lawmakers know that you want them to champion new, progressive revenue, like this Millionaires Tax!

Across the state, parents, educators, caregivers, and more are currently being left by inequitable systems to decide between health care and groceries, child care or rent. Hungry students are licking their plates clean, child care centers are closing, and hospitals are at risk of closure. Families are stretched thin, yes we're still the ones to foot the bill of these failing systems.

We need a bold solution that meets the scale and the urgency of the challenges we’re facing. Instead of continuing to rip away safety nets for kids and families, we can bring in fair, reliable new revenue that strengthens our collective health and stability and ensures families have the support they need for the long run. It’s time to pass a millionaires tax and ensure the wealthy few pitch in their fair share to our communities!

Are you with us? Add your name!

We came together to pass the capital gains tax in 2021, and we’re coming together again to ensure the wealthiest in our state contribute what they truly owe to our shared prosperity and social contract. We certainly have public opinion on our side, as the vast majority of Washingtonians support this tax proposal to fund essential programs, and they want the wealthy to pay more of their share. 

So what do you say? Let’s get this Millionaires Tax across the finish line. The more people who speak out, the bigger our impact. Please take a moment to share our action link with your friends and family.

From our hearts to yours, thank you for raising your voice to protect our collective health and wellbeing, now and into the future.