“Our state’s tax code is broken and that is creating a budget crisis that threatens the education, health care, and child care systems Washington’s working families rely on. Our budget crisis is putting moms, working families, small businesses, and our state’s economy in peril. The Millionaires Tax, now before the state legislature, is a long-term fix our state needs. It would help repair our state’s broken tax code by providing an estimated $3.7 billion annually to fund early education, schools, and health care, while cutting taxes for working families and small businesses.

“Washington has one of the most regressive tax codes in the country and that needs to end. The Millionaires Tax offers a solution. If passed, less than one percent of the wealthiest households in the state – those with household incomes of $1 million per year or more – would pay the Millionaires Tax. Requiring the wealthiest among us to finally pay their fair share would help families grappling with the affordability crisis while making our state more competitive. The Millionaires Tax would also support an expansion of the Working Families Tax Credit, a direct cash payment for Washington families with low- to moderate-income, many of whom are struggling to make ends meet.

“Enactment of the Millionaires Tax would also be a major step forward in stabilizing and supporting our public schools and the quality, affordable health care and child care we need. Its enactment is an urgent priority for moms and families, and it should be for our state’s lawmakers too.”