We Can Recover Quickly from this Economic Crisis if we Act Now

Every Washingtonian, no matter our background or where we come from, knows that our economy and our communities are strongest when all our neighbors have the necessities to thrive. But today Washington’s people and economy are facing an emergency – stuck in a downward economic spiral. More than 1.4 million workers have filed for unemployment, thousands of small businesses have shuttered and millions of households are struggling to balance childcare and work.

To address the economic emergency, our lawmakers are considering a new wealth tax on extraordinary profits from selling stocks, bonds and other highly lucrative assets to raise progressive revenue to fund our recovery. This modest wealth tax would be raised from a handful of ultra-rich Washingtonians, and it would not affect their daily lives at all. We can use this revenue to disrupt the downward economic spiral by supporting families and small businesses, reanimating consumer spending, and creating thousands of jobs. Anything less will only perpetuate this crisis for years to come. We’ve seen it before in the Great Recession.

Lawmakers have a choice: continue to prioritize a wealthy few or invest in our shared recovery. Windfall profits like capital gains wealth just make the rich richer. Instead, Washington can grow its way out of this crisis and lead the nation with a quick, robust, and equitable recovery. But we can’t wait – email your legislators today urging them to tax extraordinary wealth from capital gains and support Washington’s recovery.

Legislators need to take emergency action, because for millions of workers, families, and small businesses – it is an emergency. Urge your lawmakers to pass the wealth tax on capital gains with an emergency clause.

TAKE ACTION NOW: Sign in favor of SB 5096 – a modest wealth tax on extraordinary capital gains profits. Only about 1 percent, the very richest Washingtonians, see that much profit from selling their stocks, bonds, and other lucrative assets.

First Name *

Last Name *

Email Address *

Street Address *

Address 1 *

Latitude

Longditude

City *

ZIP code *

State *

Country *

Edit address

Your Letter *

I am writing to let you know that I have signed up in favor of SB 5096 in the House's Finance Committee. I was thrilled to see the bill pass the Senate, and I hope you will all do everything you can to ensure it passes both chambers - with an emergency clause, because for millions of Washingtonians this is an emergency, and they can't afford to wait.

Our economy is in a state of emergency. This year has been devastating for people, families, and small businesses all across the state. Economists agree that to recover our economy, we need to increase public spending to restore consumer spending. When people have enough money in their pockets, they spend it at local businesses; businesses make more and hire more people; and our economy grows. That means the only way to save Washington from this downward spiral is to keep cash flowing through our economy.

Your jobs are about more than balancing state budgets – in moments like these, you should see yourselves as stewards of our economy, with the responsibility of ensuring a strong, quick, and equitable recovery. Millions of people, families, and small businesses are counting on you.

Legislators should pass this like the emergency it is - with an emergency clause - and get our recovery started immediately.

Your signature will automatically be added to your letter.

Leave this field blank

We will protect your privacy, and keep you informed about this campaign and others.