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Economic Opportunity Institute

@eoionline.bsky.social
931 followers 698 following 264 posts

We're building an economy that works for everyone in a state with one of the most upside-down tax codes in the nation. Join us and learn more: opportunityinstitute.org #HealthcareForAll #TaxTheRich #ChildcareForAll

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Reposted by Economic Opportunity Institute
Washington State Budget and Policy Center @budget-policy.bsky.social · 01/10/2026
Q: What will the #MillionairesTax fund exactly? 👀 A: So many good things👏 Mia (B&PC) + Annie @eoionline.bsky.social spotlights the expansion of the #WorkingFamiliesTaxCredit, free school meals for k-12 students, & more! Learn more about the Millionaires Tax: budgetandpolicy.org/a-look-at-th...
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Economic Opportunity Institute @eoionline.bsky.social · 28/09/2026
“The reality is, we have a tax code written in the course of a couple of months in the 1930s," our Executive Director @rianwatt.bsky.social told the @nytimes.com. We think it's about time for an upgrade! Read more: www.nytimes.com/2026/09/27/u...
nytimes.com
Washington Taxed Its Millionaires. Now the Rich Want It Repealed.
Washington State voters will get a chance to accept or reject the 9.9 percent income tax on millionaires approved by the Legislature, which broke the state’s taboo against levying income taxes.
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Economic Opportunity Institute @eoionline.bsky.social · 24/09/2026
A top-paid public-school teacher in Olympia making $180,000 per year would have to work for 278 years to earn $1 million in annual pension benefits – this is impossible.
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Rian Watt @rianwatt.bsky.social · 24/09/2026
Teachers across Washington understand that 645 would cut billions of dollars from K-12 education, and that's why they and the Washington Education Association are voting @no645.bsky.social.
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Rian Watt @rianwatt.bsky.social · 24/09/2026
Nobody — not teachers, not retirees, nobody — will be taxed under the Millionaires Tax unless they make more than a million dollars per year, and voters will always have the final say on any changes to that threshold. Anyone who says otherwise is lying to you.
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Economic Opportunity Institute @eoionline.bsky.social · 01/09/2026
At 22.4%, Washington now has one of the highest average premium rate increases in the country. When rates become too high, families are forced to choose between buying health insurance and paying for other basic needs than food and housing costs. www.healthinsurance.org/blog/health-...
healthinsurance.org
Health insurance premium increases for 2027: Proposed rates by state and what consumers should know
Proposed 2027 health insurance premiums are rising across much of the U.S. See requested rate increases by state and what they mean for consumers.
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Economic Opportunity Institute @eoionline.bsky.social · 27/08/2026
We’re not paying the benefits of economic growth forward like we used to. Relative to the size of WA’s economy and number of people served, general fund spending has declined substantially over 30 years. The Millionaires Tax can change that. Read more: opportunityinstitute.org/blog/post/mi...
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Economic Opportunity Institute @eoionline.bsky.social · 24/08/2026
Earlier this month, our Executive Director @rianwatt.bsky.social was featured on @king5seattle.bsky.social to share the @no645.bsky.social campaign. The message is clear: Washington state's tax code is fundamentally unfair.
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Reposted by Economic Opportunity Institute
Rian Watt @rianwatt.bsky.social · 13/08/2026
In this case, “thousands of additional households” is four thousand, from 21k to 25k, because DOR assumes more people will become millionaires between now and then. Both figures represent fewer than 1% of households in Washington. 99% will pay no tax.
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Washington State Budget and Policy Center @budget-policy.bsky.social · 22/07/2026
There’s been a lot of buzz swirling around the #MillionairesTax and we’ve got clips from a Q&A w/ @eoionline.bsky.social's Annie Kucklick + our own Mia Shigemura, as they break down the basics of this historic new policy. We kick it off with this week's question: Who will pay the Millionaires Tax?
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Economic Opportunity Institute @eoionline.bsky.social · 15/07/2026
We have more proof that taxing the rich, even just a little bit more compared to the rest of us, actually works. Washington collected $1.53 BILLION in capital gains revenue, tripling the previous year's collections. www.seattletimes.com/seattle-news...
seattletimes.com
WA’s rich are leaving? Another tax on wealth smashes records
Reports keep coming of the rich moving. Yet the state's main tax-the-rich vehicle, capital gains tax, just tripled its revenues. Somebody is paying all that tax.
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Reposted by Economic Opportunity Institute
SEIU Local 925 @seiu925.bsky.social · 15/07/2026
"The Washington State Labor Council strongly opposes I-645, a tax cut for millionaires that would leave working families footing the bill for K-12 education, health care, and child care.” — April Sims, President, Washington State Labor Council AFL-CIO #NoOn645 #WAleg #MillionariesTax
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Economic Opportunity Institute @eoionline.bsky.social · 13/07/2026
I-645 would be a disaster for WA state. But the driving force behind it, hedge fund multi-millionaire Brian Heywood, is willing to make all of us pay the cost so that he and his wealthy friends can get a tax break. Take the first step toward winning in November: no645.com/pledge-to-vote-no-on-645/
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Reposted by Economic Opportunity Institute
Washington State Budget and Policy Center @budget-policy.bsky.social · 17/06/2026
Look at those smiles! Eli & Emily (3rd & 2nd from right) on our team attended the Fair Tax Summit this week in Detroit w/ so many great people, inc. the folks pictured here from @balanceourtaxcode.bsky.social, @eoionline.bsky.social, WA Education Association & #WaLeg. #BalanceOurTaxCode
Eight people standing together smiling in front of a banner that says "Fair Tax Summit"
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Community Catalyst @communitycatalyst.org · 03/06/2026
CMS's new "haphazard and reckless" Medicaid work requirements rule is deeply unpopular. Millions could lose coverage due to paperwork and red tape — not because they're ineligible. People with disabilities and serious health conditions will be among those most at risk. pulse.ly/ydne0hxljg
pulse.ly
Industry groups say final Medicaid work requirements rule imposes onerous documentation burden
On Monday, the Trump administration finalized a key rule that establishes national guidelines for the rollout of work requirements in Medicaid, and industry groups warn that the regulation could pr | On Monday, the Trump administration finalized a key rule that establishes national guidelines for the rollout of work requirements in Medicaid. Industry groups warn that the regulation could prove burdensome to enrollees and state programs.
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Economic Opportunity Institute @eoionline.bsky.social · 28/05/2026
Whoa, it's been a minute! We're still here and have a lot of things in the works that I'm excited to share with y'all. This small but mighty comms team just needed a short break. Be prepared to be sick of us 🤭
static.klipy.com
Renee Zellweger as Bridget Jones: Mic Check
ALT: Renee Zellweger as Bridget Jones: Mic Check
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Economic Opportunity Institute @eoionline.bsky.social · 21/04/2026
It's your last chance to join us! Registration for our Changemakers Dinner closes next week. Join the lawmakers who helped pass the Millionaires Tax, the policy experts behind the strategy, and the advocates who built the momentum. Don’t wait - secure your seat today: tinyurl.com/2026changema...
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Economic Opportunity Institute @eoionline.bsky.social · 14/04/2026
This year’s Changemakers Dinner comes at a pivotal moment as we push to undo almost a century of regressive tax policy and invest in the systems our communities need. Will you join us for the wonkiest night in town? RSVP today tinyurl.com/2026changema...
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Economic Opportunity Institute @eoionline.bsky.social · 13/04/2026
Millionaires Tax will take away jobs, they said...
seattletimes.com
WA will hire 300 employees as it enacts high-earners income tax
The state will fill the new jobs — either by moving existing employees to the positions or by hiring new workers — over the next several years.
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Economic Opportunity Institute @eoionline.bsky.social · 07/04/2026
We won big for progressive revenue, showing everyone our momentum is real. Now it’s time to come together. On May 7 at Changemakers, we get to be in community with people making these wins possible. Let’s celebrate how far we’ve come and prepare for what’s next: tinyurl.com/2026changemakers
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Reposted by Economic Opportunity Institute
Fuse Washington @fusewashington.org · 04/04/2026
Know a young person who is interested in building a representative, multi-racial democracy that reflects the needs of youth? @washingtonbus.org is hiring a Western High School Organizer as part of their mission to politically activate young people: www.fuseinnovation.org/jobs/western...
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Economic Opportunity Institute @eoionline.bsky.social · 02/04/2026
Millionaires Tax? Yeah, we did that. 😎
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SEIU Local 925 @seiu925.bsky.social · 20/03/2026
"And as that wealth spreads into our schools and neighborhoods, and as we raise a generation of thriving young adults who believe in communities helping each other, that will be fertile soil in which we can all prosper." #MillionairesTax #WAleg www.seattleschild.com/seattle-scho...
seattleschild.com
'Millionaires' tax can help balance school inequities | Op-Ed
A Seattle parent argues wealth inequality is hurting schools — and why a millionaire's tax could help kids and communities thrive.
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Economic Opportunity Institute @eoionline.bsky.social · 16/03/2026
That's right.
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Washington State Budget and Policy Center @budget-policy.bsky.social · 16/03/2026
Our friends at @itep.org dig into how the Millionaires Tax and the expanded Working Families Tax Credit will have a positive impact on the well-being of people throughout our state and how it will improve our inequitable tax code! #WaLeg #WaGov
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South Seattle Emerald @soseaemerald.bsky.social · 11/03/2026
Washington is expanding labor protections for nannies, housekeepers, gardeners, and other domestic workers. A new state law guarantees minimum wage, OT pay, sick leave, and written work agreements — rights advocates say are long overdue. Aspen Ford reports for the Standard: soseaem.org/4szBBSt
southseattleemerald.org
Nannies, Housekeepers, and Other Domestic Workers to Gain State Protections in WA
After years of organizing, Washington’s Domestic Workers Bill of Rights will bring minimum wage, overtime and job protections to nannies, housekeepers and gardeners statewide starting in 2027.
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Balance Our Tax Code @balanceourtaxcode.bsky.social · 11/03/2026
WASHINGTON'S MILLIONAIRES TAX PASSES 51 - 46!! After 24hr straight of debate through the night!
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Economic Opportunity Institute @eoionline.bsky.social · 11/03/2026
After nearly 25 hours, the Millionaires Tax passes the House 51-46 and will go back to the Senate for concurrence before reaching the governor's desk. Now, let's all sleep as we fight for economic justice another day. #WALeg
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State Representative Julia Reed @staterepjuliareed.bsky.social · 11/03/2026
Rep Fitzgibbon rises to say that we don't have to be the Cayman Islands of the United States to be a great place to live: "We all do better when we all do better." #waleg
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Fuse Washington @fusewashington.org · 11/03/2026
Okay that was funny, Barnard accidentally said "vote YES" for the Millionaires at the end of her time and her fellow #WALeg House GOP had to yell "vote no!" at her. Speaker Laurie Jinkins just laughed and said, "okay yeah we get you"
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Fuse Washington @fusewashington.org · 11/03/2026
GOP Rep. Barnard: "This 'Republicans love millionaires' thing." 🤨 "The people who would pay this tax are working hard" interesting she doesn't say that about those making less than $1 Mil, who will get the Working Families Tax Credit from this, who's schools will be funded by the Millionaires Tax.
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Lindsey Schromen-Wawrin @lindseyschromen.bsky.social · 11/03/2026
Opponents of #TaxTheRich in #WALeg keep trying to invoke a vibecession with their fearmongering about the MillionairesTax. One just said that "newborns" will pay this tax.
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Economic Opportunity Institute @eoionline.bsky.social · 11/03/2026
Since we've heard it now...a lot of times: Starbucks isn't moving for tax reasons. It is moving because it's actively, illegally union-busting w/ its CEO making 1,794x more than the average employee www.epi.org/publication/... sbworkersunited.org/starbucks-il... www.seattletimes.com/business/loc...
seattletimes.com
One WA CEO makes 1,794 times his average employee. Here’s why
The upswing in CEO pay makes a bad look worse for Seattle’s large, publicly traded companies. For retail employers that rely on low-wage workers, the ratios show an extraordinarily wide gap.
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Fuse Washington @fusewashington.org · 11/03/2026
It's @washingtonea.bsky.social official folks, the #WALeg House has been debating the Millionaires Tax for over 24 hrs: www.washingtonea.org/advocacy/deb...
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Fuse Washington @fusewashington.org · 11/03/2026
Points out the MT would double working families tax credit, providing extra cash to cover rent or mortgage, to put food on the table, most of all in rural counties. I'm voting to cut taxes on working families and small businesses, that's why I've been here for over 24 hours; to vote Yes" #WALeg
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Fuse Washington @fusewashington.org · 11/03/2026
Rep. Street: "What would you say if I said the AM radio is the latest way to listen to music? That was also invented in 1933, when WA's tax code was invented. Our economy has changed but our tax code has not kept up. Funding essential services cannot wait for structural tax relief."
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Economic Opportunity Institute @eoionline.bsky.social · 11/03/2026
OG Microsoft millionaire and our board member, Matt Loschen, testified during Millionaires Tax committee hearings in support of this historic legislation — along with other folks who would pay this tax. People with the means to pay are happy (I know!!!) to pay. #WALeg
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Economic Opportunity Institute @eoionline.bsky.social · 11/03/2026
Rep. Brianna Thomas gets us close to the 24-hour mark, saying "The House is not afraid to throw down. "Millionaires pay 4% of their income in taxes. Working folks like me and you pay ~11%, yet people we were sent here to help pay 14% of their income in taxes." She's fighting for The People™️ #WALeg
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Economic Opportunity Institute @eoionline.bsky.social · 11/03/2026
media.tenor.com
a group of south park characters are standing in front of lockers
ALT: a group of south park characters are standing in front of lockers
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Fuse Washington @fusewashington.org · 11/03/2026
Rep. Natasha Hill: "Millionaires would pay more in other states. If you make over 7 figures here in WA you're still paying less than in ID." MA already passed a Millionaires Tax & all the terrible predictions we've heard, they didn't happen, the # of millionaires increased by 30% since passing it.
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Fuse Washington @fusewashington.org · 11/03/2026
The current GOP speaker is claiming rural people don't support the Millionaires Tax. Telling that she doesn't want you to know that the actual working people in rural areas of WA DO support the Millionaires Tax, like Elana who testified in support a few weeks ago:
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Economic Opportunity Institute @eoionline.bsky.social · 11/03/2026
"Small businesses are progressive, forward-thinking aspects of our economy. They provide the richness, the uniqueness. We can support minority-owned businesses and LGBTQ+ businesses. "This is a pro-small business bill. Please support the Millionaires Tax." #WALeg
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Economic Opportunity Institute @eoionline.bsky.social · 11/03/2026
Rep. Lisa Parshley uses her floor time to emphasize that this is a pro-small business bill. The Millionaires Tax provides the most substantial small business tax break in Washington state history. "We're going to be able to support the small businesses, which I see as a progressive value." #WALeg
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Invest In Washington Now @investwanow.bsky.social · 10/03/2026
Representative Mena: "Our outdated tax structure no longer allows us to take care of one another."
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Andrew Engelson @andyengelson.bsky.social · 10/03/2026
After more than 23 hours of debate, the #waleg is finally about to vote on final passage of the millionaires tax
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Fuse Washington @fusewashington.org · 10/03/2026
- adding "low- and middle income families" to the intent section - making the Millionaires Tax tax only legally in effect so long it only applies to millionaires. Those changes are now rolled into the base striking amendment above, and once it is passed we get to do more debate for final passage 😩
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Fuse Washington @fusewashington.org · 10/03/2026
Here's a roundup of the effects of the few amendments that were adopted since yesterday: - Technical changes including exempting tribal income - DoR report how much it costs to collect tax - Exempting more health care from 2025's B&O tax increase - Exempt public libraries from sales tax on services
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State Representative Julia Reed @staterepjuliareed.bsky.social · 10/03/2026
Rep Berg: "Those in our state who can least afford it are paying 4 times more in taxes than the wealthiest among us... we have rampant wealth inequality, an upside down tax system...the Millionaires tax is a way to change that, to help our working families and bring balance to our tax code" #waleg
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State Representative Julia Reed @staterepjuliareed.bsky.social · 10/03/2026
Striking amendment adopted, and now we proceed to final passage. As a reminder, each member can speak for up to three minutes during final passage. Rep Berg begins "We've been debating this for hours, but we've been on this path for decades" #waleg
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Economic Opportunity Institute @eoionline.bsky.social · 10/03/2026
We're at final passage in hour 23. Rep. April Berg is speaking first. "We are in desperate need of structural tax reform, foundational tax reform. With that will come the ability to meet the needs of our growing population." #WALeg
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