| Social and Economic Policy The League supports legislation that would promote a flexible, equitable tax structure that provides robust support for all government obligations and is based on sound economic policy, including measures that will support savings in government costs to do business. Issue Team Chair: Cynthia Stewart, cstewart@lwvwa.org |
Overview There was an attempt in 2025 to pass the wealth tax, which would have generated more income from the most wealthy Washington residents, but it failed, in part because of lack of support from inadequate but would be helpful. Overview of the 2025 Legislative Session
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2026 Revenue Legislation
Bills in green are supported. Bills in red are opposed by the League. Bills in black the League is watching.
SB 5754 Creating the Washington state public bank.
This bill would provide authority to the state to activate a State Public Bank with a cooperative membership organization to lend to local and tribal governmental entities under certain conditions. It would permit local and tribal governments, along with the state, to be members of the State Public Bank. It would enable the State Public Bank to issue debt in the name of the bank rather than the state of Washington without creating state debt.