Pass the Millionaire's Tax!
With your advocacy, the Millionaire’s Tax (ESSB 6346) has passed the Senate and could soon be voted on by the House. Now is the time to advocate with House lawmakers!
Washington continues to have one of the most upside-down tax codes in the nation. According to the WA Budget & Policy Center, Washington’s lowest-income households pay three times more of their income in state and local taxes than the wealthiest households. Moreover, the wealthiest 1% of households in Washington recently received the largest wealth transfer in U.S. history through the Congressional H.R. 1 bill, resulting in an average tax break of $90,850. Meanwhile, our state faces serious budget challenges that threaten investments in education, health care, childcare, and other essential services. This is unjust and it is fixable.
ESSB 6346 would apply a 9.9% tax only to income above $1 million per year. About 20,000 of the wealthiest Washingtonians — less than 1% of residents — would contribute. The proposal is expected to raise nearly $3.7 billion annually to:
Strengthen K–12 and higher education
Expand access to affordable health care
Support childcare and early learning
Expand the Working Families Tax Credit
Protect critical human services
Without progressive revenue solutions like this, lawmakers will be forced to balance the budget through cuts that harm children, seniors, and working families.
As people of faith and conscience, we are called to build a more just and resilient Washington, one where everyone contributes and everyone has the opportunity to thrive.
Read BOTC's FAQ on the tax here.
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