Fair revenue means asking everyone to pay their fair share and ending the perpetual cycle of revenue crises, while creating a state where everyone can meet their needs. Tell your Washington state lawmakers that it is time to raise fair revenue!
Our state has the most unfair tax system in the nation. Low-income and middle-income people in our state pay seven times more taxes – as a proportion of income – than our state’s wealthiest folks.
Only a few cents of every dollar the state spends on its constitutional obligations (education, highway patrol, etc.) were generated by Business and Occupation (B&O) taxes. Worse still, these business taxes were paid almost entirely by small businesses! Last year, five of our biggest industries combined – aerospace, high-tech, agriculture, timber and mining – contributed only 4% of all the B&O taxes collected. That’s right: Altogether they paid a fraction of a cent on every dollar of taxes collected. Now that is unfair revenue!
Unsurprisingly, this upside-down tax system disproportionately impacts communities of color and low-income families the most.
Fair revenue allows us to use our dollars effectively. For example, it allows us to fund both education and social services, instead of pretending that you can gut one to fund the other and call it a “solution.” The good news is that real solutions abound. These solutions are:
- Fair: Ensuring the wealthiest 2% pay their fair share by creating a state capital gains tax. This would tax profits from the sale of corporate stocks and other luxury financial assets.
- Accountable: Eliminating wasteful tax breaks by closing tax loopholes for banks, oil refineries, and many others.
- Sufficient: Raising needed revenue for education through putting a price on carbon pollution.
It’s time for our lawmakers to stop wasting our tax dollars by ignoring the solutions in front of them that support our basic needs, fully fund education, and help small businesses grow. By raising fair revenue, we can ensure that we are treating all our residents justly, regardless of race and class. But equally important, we also ensure that our growing economy supports a state where everyone prospers – rather than a state of haves and have-nots.
New Special Session means a new action! Email your lawmakers and ask them to support the fair revenue solutions put forth in the latest House budget proposal. The House budget takes a step in the right direction by making sure our wealthiest residents are held responsible for their fair share through a capital gains tax, and by increasing accountability through closing tax breaks for large profitable corporations.