It's painful but true: we are not investing sufficiently in the well-being of our next generation.
Consistent under-funding leads to disparities in childhood that often endure throughout life. We know better. . . and we can do better.
Currently, Washington State has the most unfair tax code in the nation: wealthy households pay the least in taxes, while working families pay the most, preventing our legislature from investing in kids. For example, state lawmakers devote less than 2 percent of our budget to child care, preschool, home visiting, and other early services for infants, toddlers, and preschool-age kids.
Every legislative session, lawmakers from both political parties agree with us that the state government should do more to help families raising kids. They agree, for example, with proposals to assist families with the costs of childcare and preschool, but they claim they don't have the money. . . due to our state's broken tax system.
Now is our moment to open a new chapter in Washington state history. Join us in urging the legislature to close the loophole on capital gains via House Bill 2156. This bill raises revenue from sales of stocks, bonds, and other assets by wealthy individuals - and with that revenue we can more readily invest in kids.