Equitable (and Less Equitable) Washington State Revenue Raisers

Equitable (and Less Equitable) Washington State Revenue Raisers

Washington state came into the year with strong tax justice momentum. Lawmakers’ innovative Capital Gains Excise Tax on the state’s highest-income households was upheld by the state and federal Supreme Courts and was overwhelmingly affirmed by voters despite a well-funded repeal effort. The new tax is bringing in much-needed revenue for schools, child care, and early learning. Meanwhile, the new Working Families Tax credit provided a boost to mi…