Dear friends and neighbors,  

It is with a heavy heart that I share the news of the passing of former House Speaker Frank Chopp, a towering figure in Washington politics, a steadfast advocate for social justice, and a friend. Frank dedicated his life to uplifting marginalized communities, championing affordable housing, and expanding access to essential social services. His leadership laid the foundation for many of the progressive policies we continue to fight for today. 

As we reflect on Frank’s incredible legacy, we also find ourselves at a moment of decision—one that calls on us to carry forward the work he devoted his life to. In the coming weeks, the Legislature will be making critical choices on issues that were at the core of Frank’s values: ensuring that every Washingtonian has a safe and stable home, that education remains a pathway to opportunity, and that our state’s wealth is invested in the well-being of all, not just the privileged few. The best way we can honor Frank’s legacy is by making sure these priorities are fully funded and upheld. 

Washington is facing a budget shortfall, and once again, the choices we make will determine who bears the burden. For too long, our state has relied on a tax system that asks the most from those with the least while allowing the wealthiest to contribute far less than their fair share. We have the opportunity—and the responsibility—to change that. 

Progressive revenue isn’t just about closing budget gaps; it’s about ensuring Washington can invest in the public goods that make our communities strong: quality schools, accessible healthcare, reliable infrastructure, and a safety net that catches people when they fall. 

This week, my colleagues in the House introduced revenue proposals to help balance our tax code and ensure we can fund essential services—like schools, housing, and public safety—without putting the squeeze on those who can least afford it. Here’s what we’re proposing: 

✅ A Financial Intangible Assets Tax (FIT) – A tax on stocks and bonds owned by ultra-wealthy individuals (exempting the first $50 million) to generate $2 billion per year for K-12 education. Homeowners already pay property taxes on their biggest asset—their home. This ensures that those whose wealth comes from financial assets contribute their fair share, too. 

✅ School & Public Safety Funding Adjustments – Allowing property tax growth to reflect inflation and population increases (capped at 3%) and ensuring rural school districts receive fair funding. This brings in $50 million in 2026 and $150 million in 2027 for K-12 schools. 

✅ Surcharge on High-Grossing Corporations – Asking the biggest corporations and financial institutions—those making over $250 million a year—to pay a modest surcharge, generating nearly $2 billion by 2027 to help protect public services for working families. Small businesses won’t be affected. 

At a time when some are calling for cuts to essential services, we must reject austerity and demand a budget that works for all Washingtonians. We can choose to invest in education, healthcare, and housing—or we can let wealth continue to concentrate at the top. This isn’t just a fiscal debate—it’s a question of values. A budget is more than numbers on a page; it’s a reflection of what we believe in. 

Frank Chopp believed deeply in a Washington where everyone has the resources they need to thrive. As we push forward in these budget debates, we must remember that fairness, justice, and investment in our communities are not negotiable. The path ahead is clear: we must reject austerity, protect our social safety net, and ensure that the wealthiest individuals and corporations pay their fair share. 

As always, I am grateful for your advocacy, your engagement, and your commitment to building a Washington that works for all of us. Let’s continue this fight together. 

In solidarity,

Rep. Shaun Scott