Capital Gains

Capital gainsWashingtonians receive a tax break on capital gains – the profits they make from the sale of high-end capital assets – which contributes to our state having the most upside-down tax code in the nation, in which people with low incomes pay seven times more as a share of their household incomes in state and local taxes than the wealthiest one percent. Eliminating the break on capital gains would help flip our tax code right-side up while providing our state with more revenue to pay for schools and other key priorities that help communities thrive. 


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Related Research:

A Capital Reform: Using Capital Gains to Fuel Job Creation and Economic Prosperity in Washington State

To create jobs, spur long-term economic growth, and foster prosperity, Washington state desperately needs to rebuild our eroding education, public health, and community safety infrastructure. The state has a powerful, but untapped resource to accomplish this: capital gains. A modest tax on some capital gains would help fuel economic recovery and opportunity for future generations of Washingtonians...
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HIGHLIGHTS

Policy Summit You're InvitedSign Up and Save the Date!

We will host two Budget Matters policy summits this year – one in Spokane on October 31 (register now) and one in Seattle on December 6 (registration coming soon)! The Spokane summit, featuring Jared Bernstein of the Center on Budget and Policy Priorities, will focus on the impact of federal and state policy decisions on eastern Washington communities. The Seattle summit, featuring Glenn Harris of Race Forward, will examine what it would take to lift up everyone to advance progress in our state. Find out more.

Our Policy Priorities

Washington state should be a place where all our residents have strong communities, great schools, and the chance for a bright future. Our 2017-2019 Legislative Agenda outlines the priorities we are working to advance to build a better Washington.

Budget Beat!

Check out the Budget Beat webinars we hosted throughout the 2017 legislative session, including our most recent Budget Beat about federal budget proposals, featuring Louisa Warren of the Center on Budget and Policy Priorities, on our YouTube channel

Testimonies in Olympia

To advance our legislative priorities, the Budget & Policy Center team was in the state capitol throughout session testifying on a wide range of bills. Watch our testimonies on TVW:
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