So, please take the time to sign the online petition:
You can also directly contact the members of the Senate Rules Committee: Lieutenant Governor, Chair (D); Prentice, Vice Chair (D); *Hewitt; Brown; Carrell; Conway; Eide;Fraser; Harper; Haugen; Keiser; King; Kline; Kohl-Welles; McAuliffe; Parlette; Pflug; Regala;Schoesler; Stevens; Zarelli.
While similar resolutions have passed the National Mayors Conference and in a number of City Councils (including Seattle and recently Portland OR and Charlottesville VA), WA could be the first state to make such a statement.
Joint Memorial 8014 from Washington State urges President Obama and Congress to immediately stop the war in Afghanistan; bring our troops home and redirect military war spending towards the human needs of the men, women and children of our state and country. It pressures them to provide for the strengthening our the safety net and infrastructure, here, at home instead of increasing U.S. dependency on an economy based in war, death and destruction.
There are several bills we are actively tracking, and supporting because they support local control of budget issues essential to our well-being; and because they move us away from reliance upon corporate power.
See the Washington Investment Trust, HB 2434 at
Also contact the Washington Banking Infrastructure Committee to encourage passing this bill, as soon as possible. Contact your own Legislators to let them know the WA State Investment Trust (state bank) has been thoroughly researched and is strongly supported by Phil Talmadge, and many other banking experts. The state of North Dakota, a red state with R leadership, is very proud of the strong economy their state bank has brought their people, and they work very closely with a large number of Community Banks to serve the people. Read more on the page dedicated to this bill.
See HB 2563 to enact a 5 percent excise tax on capital gains at
What it is:
Capital gains are profits from selling stocks, bonds, real estate, and other financial assets.
The bill does not tax all capital gains. The proposal only applies to excessive profits, and would create a 5 percent excise tax that only applies to capital gains over $10,000 per year, ($5,000 for single filers). The first $10,000 of profits from selling stocks and assets would be completely exempt from the new tax.
What It is NOT:
This does not apply to profits from the sale of a primary home.
This is not an income t ax. It does not apply to paychecks at all.
This tax on profits from high-end financial transactions does not affect retirement savings, the sale of farmland, charitable giving, or assets left to family members as part of a will.
Because it is targeted at high-end assets and excessive profits, the bill ensures that the very rich pay their fair share. Most Washington families (97 percent of Washingtonians) won't have to pay anything.
Using the federal capital gains definition makes it simple for wealthy taxpayers--all information needed would be available on existing federal tax returns.
Why support it:
The richest 1 percent already get 75 percent of all capital gain profits in the US. The proposal simply taps into the revenue resources of those most able to pay and directs a small portion to public community services.
The Bush tax cuts slashed the federal capital gains rate, so even with a new five percent captial gains tax in Washington state, the wealthy will still be paying far less in capital gains than they were only 10 years ago.
The idea of taxing capital gains is not new. 42 states already tax capital gains. Oregon taxes capital gains at 11 percent and in Idaho the rate is 7.8 percent.
While the proposal couldn't go into effect soon enough to address our current budget shortfall, once in place it would generate at least $500 million every year in new job-creating resources.
This is a long-term proposal that will make our state revenue structure more fair and more predictable.