The election is less than six weeks away and Washingtonians will be deciding on a slate of initiatives, including one measure affecting funding in support of children.
If passed, Initiative 2109 would repeal a 7% tax on capital gains for assets worth more than $262,000. The repeal has support from hedge fund manager Brian Heywood, who said it is a slippery slope toward a state income tax, which the state does not have.
Gabriela Quintana, senior policy associate for the Economic Opportunity Institute, said fewer than 4,000 people in the state pay the tax.
"It's a very privileged move to be able to fund these initiatives for your own needs and to not think about the impact this will have on a huge majority in Washington state," Quintana contended.
Last year, the tax pulled in about $786 million. The first $500 million collected from it goes toward schools, early learning and child care. Any additional money collected goes toward school construction.
Justin Fox-Bailey, president of the Snohomish Education Association, said the vast majority of Washingtonians who do not pay the capital gains tax will be affected if Initiative 2109 passes, especially kids.
"They're going to feel it in their communities when we give a tax cut to these millionaires and billionaires and you don't have the same access to child care, your kid's school isn't getting updated, public services are being cut or reduced," Fox-Bailey pointed out.
Washington has historically had one of the most regressive tax systems in the country and a recent report found the lowest-income 20% pay more than three times as much of their income as the top 1%.
Quintana argued the capital gains tax is vital for the state.
"We all need to play a role, including the wealthy individuals," Quintana asserted. "Repealing it will only really hurt families and children."
Ballots start going out on Oct. 18.
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
As Michigan prepares for tomorrow's big election, skilled-trade and union workers are calling for continued federal support to keep their industry strong.
Many are hoping the next administration will prioritize funding similar to the $1.2 trillion Infrastructure Investment and Jobs Act, which fueled repairs and upgrades to roads, water systems and the power grid.
Felicia Wiseman, recruitment officer for the International Brotherhood of Electrical Workers Local 58 in Detroit, said the Infrastructure Act and the CHIPS and Science Act also created pathways for new talent through apprenticeship programs.
"The work that's coming down the pipeline, we need people to do it," Wiseman observed. "It's making them open up doors, so that people can get into these apprenticeships. There's a lot of programs that are out there kind of prepping people, because they don't know about how to get into the different skilled trades."
Michigan will receive more than $11 billion from the Infrastructure Act by 2026, funding major skilled-trade jobs and projects in transportation, water and energy.
As a single mother, who once faced the struggle of balancing work and affording child care when she first entered the trades, Wiseman also praised the child care requirements within the CHIPS and Science Act.
"Just for the industry to realize that, and they're kind of doing it now because we have so many single fathers now," Wiseman explained. "They're, like, 'Hey, this is a problem.' And we're, like, 'Duh! No kidding.'"
When asked what top priority the next administration should bring to the skilled trades, Wiseman was clear.
"I want to see labor and people in labor - not only union, all people in labor - continue to be respected and you know paid what they're worth for the jobs that they're doing," Wiseman emphasized.
According to the Department of Labor and Economic Opportunity, Michigan expects about 45,000 new skilled-trade job openings each year through 2028.
get more stories like this via email
A package of New York bills could boost public services and create a fairer tax system.
The Invest in Our New York Act aims to get corporations and the state's ultrawealthy to pay their fair share of taxes. The legislation would put the money into essential programs like affordable housing, child care and education. One of the bills establishes a capital-gains tax.
Isaiah Fenichel, Hudson Valley lead organizer for the group Citizen Action of New York, said another would create a more equitable tax structure.
"It creates new tax brackets where it is kind of spacing out the percentages and what folks are paying on the way up," Fenichel explained. "That is to generate more of the wealth because as it stands if you make between $250,000 and a million dollars, you're taxed at the same rate, regardless of where you fall on that spectrum."
Despite wide support for the bills, the biggest opposition surrounds the question of 'what if this drives wealthy people away from New York?' However, studies show it's the working-class population leaving the state. The Fiscal Policy Institute finds, on average, savings from lower housing costs in other states are 15 times greater than savings from taxes for former New Yorkers.
The package of legislation also includes spending priorities for housing, climate change and other areas. Fenichel noted the money from the legislation would help pay for programs like housing access vouchers and foundation aid. As a new parent, he said child care accessibility is another area in need of better funding.
"One of the things we're advocating for is a billion and a half dollars to raise wages for New York's child care workforce," Fenichel outlined. "We can bring more folks in, have more child care workers, that way there can be more facilities open, and people can take more folks into the classroom."
Census data show New York State has a high rate of employment for child care workers but their average salary is close to $38,000 a year. The Massachusetts Institute of Technology's Living Wage Calculator finds the living wage for a single person is more than $55,000 a year.
get more stories like this via email
Pennsylvania's landscape is undergoing a transformation, paid for with billions in federal funding from the Inflation Reduction Act and the Bipartisan Infrastructure Law.
The state is expected to receive more than $13 billion over five years for highways and bridges.
David Gunshore described himself as a "semiretired inspector," working on a bridge project in Clarks Summit and said it's being paid for 100% by federal dollars. Gunshore said the crumbling bridge was built in 1959 and last rehabbed in 1983, and stands 65 feet above railroad tracks.
"Like a lot of the concrete, it rots out and it falls, that means it deteriorates and breaks out," Gunshore explained. "So you cut all that out, and you re-patch it with new stuff, so that the rot can't go any deeper into the pillars. We're redoing the bridge deck and the piers, the pillars, the columns that hold it up."
Gunshore estimated the bridge project will be finished by next fall. As of March of this year, the Bipartisan Infrastructure Law had allocated more than $15 billion to Pennsylvania, for more than 450 projects. Of those funds, $6.7 billion are for highways and just over $1 billion for bridges.
Gunshore pointed out in his years on the job, the construction industry seems to have struggled more under Republican administrations but thrived during President Bill Clinton's tenure and with the Fixing America's Surface Transportation Act during Barack Obama's presidency to fix roads and transit lines. Gunshore thinks it has been money well spent, noting the Biden-Harris administration's support for construction, manufacturing and apprenticeship programs.
"Big government spends the money but you're building roads, people get jobs, and money goes into the economy, and you're still ending up with new roads and new infrastructure," Gunshore emphasized. "I think that's one of the best investments going, that and health care, because the better the health care, the less people are going to get sick."
Gunshore noted the last major federal project he worked on, the Twin Bridges project, is underway to replace two mainline bridges in Lackawanna County. He added there is a lot of work to be done and jobs are available for the project.
get more stories like this via email