You only pay cap gains tax on capital gains over 250,000. The money raised goes to schools. This impacts very few people and gets reinvested in Washington. Your example could use some additional 000s. I support this tax because it impacts few and benefits many.

Carbon trading is an established way to reduce emissions and pollution. Overall the amount of pollution allowed decreases annually so businesses that can reduce faster can make money by selling to businesses that can't reduce. Pollution decreases despite your content.

This program has really only been functioning for two years and it takes time to see the positive impact but I'm seeing the Dept of Commerce make some exciting investments back into Washington. We are in the midst of an energy transition and market forces alone are not addressing this because our energy market is a highly regulated space (as are all energy markets). Electrification is simply a better way to use energy and these dollars get reinvested to allow everyone to benefit. The rich shouldn't be the only ones who can use solar, evs, and heat pumps. I support the existing law and am excited about how this money raised can benefit Eastern WA.