Washington legislators have what I believe is a clear choice before them: balance the state budget on the backs of the poor and disabled or tax unearned income (”capital gains,” or wealth from investments) of more than $25,000 per person.
I believe cutting programs that (barely) support our most vulnerable communities would be felt by everyone, in the form of human misery, crime, instability, untreated mental illness and addictions and children going hungry. The sales tax falls disproportionately on the poor. I believe a modest capital gains tax would be fair.
It’s time to ask ourselves: What is the character of our state?