Tuesday, March 21, 2023


Texas lawmakers consider legislation to prevent cities from self-governance, Connecticut considers policy options to alleviate an eviction crisis, and Ohio residents await community water systems.


Gov. Ron DeSantis breaks his silence on Trump's potential indictment and attacks Manhattan prosecutors, President Biden vetoes his first bill to protect socially conscious retirement investing, and the Supreme Court hears a case on Native American water rights.


The 41st state has opted into Medicaid which could be a lifeline for rural hospitals in North Carolina, homelessness barely rose in the past two years but the work required to hold the numbers increased, and destruction of the "Sagebrush Sea" from Oregon to Wyoming is putting protection efforts for an itty-bitty bunny on the map.

WA Joins Multi-State Effort to Pass Wealth Tax


Thursday, January 19, 2023   

Lawmakers in Washington and other states are introducing bills taxing wealth in their legislatures in a coordinated effort today.

In Olympia, legislators aim to tax wealth made on the ownership of stocks, bonds and other financial assets.

Carolyn Brotherton, policy associate at the Economic Opportunity Institute, said the legislation targets multimillionaires and billionaires.

"It would be a 1% property tax on financial assets worth more than a quarter-billion dollars," Brotherton explained. "We're talking some of the wealthiest people not only in our state but in the world would pay the state wealth tax."

Brotherton noted the tax is estimated to generate $3 billion a year. The funds collected will go to education, housing, disability services and tax credits.

Washington state lawmakers and organizations supporting the bill are holding a news conference today at 12:45 p.m. Lawmakers passed a capital-gains tax in 2021 aimed at wealthy Washingtonians, but the law has been challenged as unconstitutional because it resembles an income tax. The state Supreme Court will hear the case later this month.

Brotherton pointed out Washington state's tax system is reliant on sales tax, which creates a regressive system, in which low-income households pay a much higher portion of their wages in taxes than high-income households do. She added the last time the tax code was significantly updated was in 1933.

"Really, a state wealth tax is bringing our tax code into the 21st century," Brotherton contended. "The way our economy works today is very different than it worked in 1933. We have a very financialized economy."

Brotherton emphasized other states are also realizing their tax codes aren't keeping up with the current economy.

"Wealth inequality is out of control, and it's not just a matter of numbers on a page or issues about fairness," Brotherton asserted. "It's really about making sure that our communities have the resources that we need in order to live a good life."

Wealth taxes are being introduced in six other states today, including California and New York.

Disclosure: The Economic Opportunity Institute contributes to our fund for reporting on Budget Policy & Priorities, Education, Livable Wages/Working Families, and Senior Issues. If you would like to help support news in the public interest, click here.

get more stories like this via email
The VOTES Act also ensures the Commonwealth joins the Electronic Registration Information Center, or ERIC, a multi-state consortium which aims to keep voter registration rolls up to date, encourage voter registration and prevent voter fraud. (Adobe Stock)

Social Issues

Voting rights advocates in Massachusetts are applauding Governor Maura Healey's budgetary backing of new policies stemming from last year's passage of…


Climate-change groups are calling attention to the environmental destruction linked to the wood pellet industry - even as California is considering a …

Social Issues

Many Nebraskans know how crucial a family caregiver is to one of their family members. Now AARP research has put a dollar value on that unpaid care - …

Going back generations, many Indigenous cultures developed strong ties with bison and relied upon them for sustenance, shelter, and cultural and religious practices. (Adobe Stock)

Social Issues

South Dakota is home to one of the nation's largest American Indian reservations, and the area is part of a movement among tribal nations to take …

Health and Wellness

As the cost of food, medicine and rent continues to climb, new data shows the benefits miners receive are now 40% less than what they received in 1969…

Stedman farmer Demi Tucker has been growing mushrooms on her family's land for the past few years. (Demi Tucker)


With the cost of farmland up by more than 8% percent in North Carolina, the state's Black farmers are struggling to purchase additional acreage or …


By Zachary Shepherd and Kelsey Paulus for Kent State News Lab.Broadcast version by Nadia Ramlagan reporting for the Kent State-Ohio News Connection Co…

Social Issues

Republican-sponsored bills and amendments in the Legislature would eliminate the Tennessee Commission on Children and Youth. More than 1.5-million …


Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021