Billionaire Tax for Washington State
Billionaire Tax for Washington State
Why this petition matters
Billionaires pay the lowest effective tax rate of any income group in the United States. In Washington state, it's even worse: Lower-income people pay 18% of their income toward taxes, while the rich pay 3% - the most regressive tax system in the country.
Dozens of Washington state legislators have introduced a 1% wealth tax on all fortunes above $1 billion. It would single-handedly solve our state's $3.3 billion budget shortfall while keeping tax rates the same for 99.999% of residents. Without extra revenue to make up for the pandemic-induced budget shortfall, the state would face devastating cuts to education and vital social services, or have to raise taxes on the middle-class.
Sign our petition to send a message to the state Legislature and the governor: pass HB 1406 and enact America's first billionaire wealth tax. They can afford to pay their fair share.
Decision Makers
- Jay InsleeGovernor of Washington
- Marcus RiccelliState House of Representatives - Washington-003A
- Lillian Ortiz-SelfState House of Representatives - Washington-021B
- Pat SullivanState House of Representatives - Washington-047
- Denny HeckRepresentative