Lack of a State Capital Gains Tax Means Wealthiest 1 Percent Get a Huge Tax Break in Washington State

RECENT POSTS: Five essential truths about our state tax code Apr 20, 2018; Brief: Washington state must ensure kids are on the path to a healthy life Apr 20, 2018; Kids of color are leading the way into a more racially diverse state Apr 20, 2018; Threats to food assistance in Farm Bill could harm thousands of Washington households Apr 20, 2018; Final budget brings momentous victories for communities, but property tax cuts will come at a cost Mar 14, 2018; In final budget, lawmakers should take the best from House and Senate proposals Feb 23, 2018; House budget smartly proposes capital gains tax, but ignores Supreme Court’s order to fund schools this year Feb 20, 2018; More…

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Learn about the pros and cons of the final supplemental state budget on our recent Budget Beat webinar, "Legislative Session 2018 Wrap-up."

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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.

Testimonies in Olympia

Watch our 2018 legislative session testimonies on TVW:

Deputy Director Julie Watts testified on the Senate budget, noting that the Senate should seek new revenue to invest in communities (Feb. 20).
Executive Director Misha Werschkul testified on a House bill to remove the capital gains tax break (Feb. 16).

Policy Analyst Kelli Smith testified against the House bill that would create an unnecessary Business & Occupation tax break (Feb. 16).

Associate Director of Fiscal Policy Andy Nicholas testified in support of a Senate bill that aims to improve transparency and accountability in state tax breaks (Jan. 18), and at the Senate carbon tax bill hearing (Jan. 16), noting that the tax should be paired with the Working Families Tax Rebate.

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