2026 Checklist for Progressive Revenue
Balance Our Tax Code supports a broad set of policies for a more equitable tax code, including:
- Millionaires Tax. To keep money in the pockets of everyday Washingtonians while fully funding our schools and health care, we can tax earnings over $1 million a year at 9.9%. This could raise nearly $3.5 billion a year from the wealthiest .005% of the working population in Washington, who are not required to pay what they truly owe in state taxes.
- HB 2100: Well Washington Fund. Following recent federal cuts, the Well Washington Fund proposal seeks to keep vital funding for higher education, health care, housing, and food assistance programs. This would enact an employer-paid payroll tax on large companies with over $7 million in payroll and raise more than $2 billion per year for social programs and services in Washington.
- SB 5797/HB 2046: Tax on Financial Assets. To fund a bright future for every student, we can enact a small tax paid only by people with Wall Street wealth in excess of $50 million. This would raise $1-4 billion dollars per year for our public schools, special education services, and the educators that are shaping the next generation.
Balance Our Tax Code believes that budgets are moral documents and it matters who’s backs those budgets are balanced on.
For this reason, we support both raising new revenue and designating those funds to ensure that working families have what they need to thrive.
We only support tax cuts that directly benefit low-income Washingtonians.
Ideas we support include:
Putting cash back in the pockets of those most impacted by Washington’s upside down tax code through guaranteed basic income, a renters credit, and reform of the legal financial obligation system.
Making sure that the wealthiest one percent pay what they truly owe through taxes and disrupt the inequitable concentration of wealth through an inheritance tax and corporate compensation tax.
Developing progressive solutions to equitably fund our communities through access to transportation systems, homes that are affordable for everyone, and relief from the impacts of climate change.