A week ago today, I stood behind advocates, citizens, and legislators at a press conference in the State House calling on the passage of a suite of bills that would tax the richest Vermonters. After the passage of H.R. 1, states have been left to foot the bill for essential services while Billionaires receive immense tax breaks. The Fund Vermont’s Future coalition, of which VCV is a part of, is leading the campaign. At the helm is Anika Heilweil of Public Assets Institute.
On this week’s Democracy Dispatch podcast, I speak with Anika about her work leading the Fair Share Vermont campaign which focuses on the need for progressive taxation in Vermont. She explains the differences between progressive and regressive taxes, the current fiscal context in Vermont, and the proposed tax policies aimed at increasing revenue from the wealthiest Vermonters.
Importantly, we also chat about how to utilize such revenue for community needs. Anika also addresses public sentiments regarding tax increases, such as the idea that it leads to tax flight, and “burdens” of second home ownership and vacancy taxation. The latter of which just today, Gov. Scott defended at his press conference.
Next week I’ll be back with Treasurer Mike Pieciak to get an update from his office and the work it’s doing for creative affordability solutions, including establishing a Green Bank and a potential new specialty “green” license plate.