The Washington State Supreme Court this week took up the legality of the Capital Gains Tax approved by the state’s legislature in 2022. If held legal, collection on the tax will of summer. The topic was tackled by Tacoma mother Maya Ewings in our January issue of Seattle’s Child Magazine.
Following a hearing for Quinn v. State of Washington in Olympia, Dr. Stephan Blanford, executive director of the nonprofit advocacy group Children’s Alliance, send out the following letter news organizations and advocates for families. As partners in the alliance’s efforts on behalf of Washington children, we pass on that letter’s contents to you.
Dear Seattle’s Child,
On January 26, I attended the Supreme Court hearing for Quinn v. State of Washington, a case that will decide whether our state’s capital gains excise tax will be upheld. Children’s Alliance has been closely following this case and joined with a number of other advocacy organizations to file an amicus brief in support of retaining the tax in December of last year. At the hearing, I heard powerful oral arguments from Solicitor General Noah Purcell and attorney Paul Lawrence supporting the constitutionality of the tax and refuting the claims made by the lawyers representing super wealthy individuals attempting to shirk their responsibility.
While I remain cautiously optimistic that the court will move to uphold the tax, it is crucial that we continue our advocacy in support of it. The Fair Start for Kids Act, which Children’s Alliance helped to conceive, and which drives $1 billion into early learning, would be decimated by a negative Supreme Court ruling.
The capital gains tax is also an important step in making our tax code more fair and just. With it, we can begin to undo decades of historic and current racism and disinvestment that have hurt families, communities, and small businesses. Study after study has shown how racist policies impact the financial well-being of Black and brown people, and our tax code can help us reverse these consequences.
We can’t afford to roll back the capital gains tax and lose $500 million in funding for the Fair Start for Kids Act. And we can’t afford to lose this important tool for racial justice. The futures of thousands of Washington’s children will be directly impacted by the decision rendered by the Court. Children’s Alliance will watch the case closely and report on the final outcome, expected in the fall.
Dr. Stephan Blanford, executive director, Children’s Alliance
More at Seattle’s Child:
“Why Washington needs a capitol gains tax”