ECONOMIC OPPORTUNITY INSTITUTE
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Mission Statement
We seek a future grounded in economic security, racial equity, sustainability and a high quality of life for all. We want every Washington resident to have affordable, high-quality health care; access to affordable early learning and care and higher education opportunities; equitable opportunity and rights at work; time for care and the pursuit of happiness; and a secure and dignified retirement. We want our state’s communities to thrive as we transition toward a sustainable economy. We seek to transform existing power relationships, so that all residents, workers, and communities have the right to organize and an equitable voice in making collective decisions regarding our shared economic future. We want state and local governments to utilize fair and just public revenue systems which support robust investments in public services that promote strong families and healthy communities.
About This Cause
Here’s a snapshot of some of the main activities we are actively working on: Affordable and accessible health care – Everyone deserves quality, affordable, and accessible health care. But right now, our health care system is dominated by big industry players like hospital chains and drug companies that prioritize profit over community need. Addressing our state’s health care affordability crisis will require bold leadership from our state legislature to improve oversight, address industry-wide monopolies, and hold bad actors accountable. Stable and dignified work for all people – Every worker deserves job security, living wages, and time to care for themselves and their loved ones. We have been successful in creating strong public policies that promote fair work practices like Paid Family and Medical Leave (PFML), paid sick days, and equal pay, but we could go further to increase equitable access to these programs and policies. Addressing inequity in these programs requires the legislature to make improvements to current policies that provide protection for workers. Economic stability through meaningful investment – Everyone deserves financial stability that allows them the freedom to thrive in every stage of life, but many low- and moderate-income Washingtonians do not have the economic security for significant and meaningful life events – like having a new baby, buying a home, and investing for retirement. Policies that ensure families have access to this kind of economic stability are possible. In 2024, EOI will prioritize and influence legislation like the Washington Future Fund (aka Baby Bonds), Guaranteed Basic Income, and a statewide retirement policy benefit to both increase individuals’ economic stability and decrease the statewide racial wealth gap. Fair taxes that provide ample funding – Everyone should be taxed fairly according to their means, but Washington has the most regressive tax code in the nation, overtaxing working people while subsidizing the very wealthy and large, profitable corporations. Not just unfair, the tax system results in insufficient funding for community needs and vital programs and services. Addressing this will take reforming our tax code by making existing taxes more progressive and by taxing extreme wealth and profitable corporations.