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Professor David Gamage, one of the most cited tax scholars in the world, testified this week before the Washington State Senate on proposed wealth tax reforms.
“Senate Bill 5797 represents a sound policy direction for Washington State. Taxing extraordinary wealth is not only feasible but is also a necessary tool for achieving a fairer tax system and securing sustainable revenue for vital public investments like education,” Gamage said in his testimony.
“The arguments against such taxes based on taxpayer flight are empirically weak and largely ignore the effectiveness of modern design features in addressing avoidance and administrative challenges. I urge the Committee to support SB 5797. It is a practical and equitable step towards a more balanced and resilient fiscal future for Washington State.”
Professor Gamage will also testify before the Washington State House later in the week.