LETTER: Only the rich would pay
To the Editor,
Lawmakers in Olympia are considering important legislation that would help fix our upside-down tax code by asking the wealthiest in our state to pay their share. Senate Bill 5096 would impose a modest tax on the extraordinary profits made by the ultra-rich on the sale of stocks and other investments.
This would help kickstart our economy, keep money flowing to small businesses and communities, and help our children get ahead with early learning programs.
Only the richest 1% of Washingtonians would pay this tax. It’s only fair to ask them to pay their share, just like the rest of us already do.
Thanks to our State Senator Joe Nguyen, who is one of the bill’s sponsors, and others, this bill passed the Senate earlier this month. Now it’s in the House. Legislators should keep capital gains moving. You can ask them to pass SB 5096 by calling 1-800-562-6000.