Washington State Legislature Contemplating 1% Wealth Tax
Many witnesses pointed out that Washington State has one of the most regressive tax systems in the country, with no income tax, a weak corporate tax system, and an excessive reliance on sales taxes. “Low-income families pay 18 percent of their income in taxes, while the very rich pay less than 3 percent,” said John Burbank of the Economic Opportunity Institute in his testimonial.
“This state is a wonderful place to have families and roots,” said Mary Curry, a Tacoma-based daycare owner, speaking to the committee. “But how do I build when the tax laws are so strict for the working class like me?”
Washington state was hit during the pandemic. Almost 312,000 residents contracted Covid and 4,300 died. An estimated 2.1 million government workers have lost their jobs during the ensuing recession. The state government faces a three-year budget gap of $ 3 billion.
“Rich millionaires like me pay less than the workers, even those barely getting through,” said Dan Price, CEO of Gravity Payments. “Even after this tax, billionaires here still pay a smaller percentage than the working people… We have a budget deficit of $ 3.3 billion that needs to be closed. There is an easy way to close it. “
A number of lawmakers pointed this out Americans Research for Tax Justice (ATF) and the Institute for Political Studies (IPS) on the growing concentration of billionaire wealth. As of February 2019, Washington State’s 13 known billionaires had assets of $ 293 billion. By January 29, 2021, her total assets had grown to $ 474 billion. Over the past 10 months, beginning with the pandemic lockdown in mid-March, Washington state billionaires have seen their wealth grow by a total of $ 151 billion, an increase of over 47 percent. […]
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BLAST FROM THE PAST
That day at Daily Kos in 2007– Bigotry wages:
When they try to get you to vote for this referendum that bans same-sex marriage * they are telling you that it is about the sanctity of marriage and the protection of religious freedom and that of course it is not about gay people shit. Nobody gets disenfranchised, they say – it’s about setting some reasonable boundaries.
Actions have consequences, however, and the people of Michigan understand that their 2004 vote to ban same-sex marriage actually relegated an entire class of citizens to permanent second-class status. Because the Michigan appeals court ruled today that the prohibition of gay marriage also prohibits same-sex benefits for domestic partners. […]
Even a quasi-autonomous public body like the University of Michigan is now banned from offering domestic partner services to some of its top employees. Unmarried partners of different sexes can of course continue to benefit from the advantages. But gay employees and their families are SOL, even if they have received family benefits for years. Is that what Michiganders expected when they passed their marriage ban? Who knows. Regardless of what they expected, <> you actually get this by voting for a Comfortable Referendum on “Protecting Marriage”. No matter what the suppliers tell you, if you read it carefully enough, somewhere in the fine print, you will find wages of bigotry. Today we are reminded that they will eventually come due.