JUUstice Washington

  • Who We Are
    • Guiding Principles
    • Our Leadership
    • Contact Us
  • What We Do
    • The Annual Justice Summit
    • Environmental Justice
    • Criminal Justice Reform
    • Economic Justice
    • First/American Indian Nations (FAIN)
    • Racial Justice
    • Refugee, Immigrant and Migrant Solidarity (RIMS)
    • Legislative Advocacy
  • Ways to Give
  • 2022 Issue Summits
    • 2022 Environmental Justice Summit
    • 2022 Legislative Summit
  • Calendar of Events
  • Justice Resources
    • UUA Justice Resources
  • Take Action
  • Get Involved!
  • Monthly News Update
You are here: Home / 1News items / News, Economic Justice / Tracking plans to tax the rich in the 2021 Washington Legislature

Tracking plans to tax the rich in the 2021 Washington Legislature

February 22, 2021 by webmaster Leave a Comment

One new measure would focus on taxing billionaires. Other proposals revive the idea of taxing capital gains. A tax on capital gains, such as profits from selling stocks and bonds, is something that has been discussed in Olympia for many years, but so far hasn’t had the votes to pass. A new payroll tax on corporations that pay high salaries — similar to a measure recently approved in Seattle — also is under discussion.

Each of the proposals is different. But for many Democrats, as well as others on the political left, the goal is the same: Make the richest Washingtonians pay for COVID-19 relief programs and other services that would help people who are struggling. Democrats also say the state’s current tax system is highly regressive, meaning lower-income people pay a larger share of their income in taxes than the wealthy. They are looking to correct that imbalance.

Read more here.

Filed Under: News, Economic Justice

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Change the World . . .

Copyright © 2022 · Outreach Pro on Genesis Framework · WordPress · Log in