This long-overdue capital gains tax will go towards making sure that all Washingtonians pay their share in taxes and have the opportunity to thrive. We know that good public schools, beautiful parks, and strong social services make Washington a great place to live. The tax is estimated to raise about $415 million primarily for child care and early learning - both services that became clearly essential to Washingtonians during the coronavirus pandemic. This legislative session, Democratic lawmakers wrote and passed Engrossed Substitute Senate Bill 5096, which created a 7% capital gains tax on the sale of assets like stocks valued above $250,000. Yet, Washington boasts the most upside-down system in the nation, where the state’s lowest-income earners pay 17% of their income in taxes while the wealthiest few pay just 3% of their income.
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An essential part of that is a balanced tax code where everyone pays their share. Washingtonians deserve an economy that works for us all. Nguyen is a progressive choice if you're looking for new leadership in the executive's office who will prioritize racial justice and systemic change. Bob Hasegawa and Treasurer Mike Pellicciotti. Kirsten Harris-Talley and David Hackney as well as state Sen. Nguyen has the support of elected leaders including state Reps.
He also wants to leverage the new Regional Homelessness Authority to significantly scale up the building of affordable housing.
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In particular, Nguyen has proposed to make all transit services free to improve access and increase ridership. Nguyen is running for county executive to implement sweeping actions on the affordable housing crisis, to reform the criminal justice system with deep changes and accountability, and to make the state's economy work for everyone, not just the wealthiest people. In addition, he co-sponsored legislation to require anti-racism and equity training in public schools. His parents were refugees from Vietnam who came to White Center, where Nguyen was born and raised.ĭuring Nguyen's time in the Legislature, he has been an advocate for Washington's families and equality, including playing a leadership role in fully funding the Working Families Tax Credit. Joe Nguyen was elected to the Washington state Senate in 2018 and has worked as a senior program manager at Microsoft since 2013.