Lawmakers in Washington and other states are introducing bills taxing wealth in their legislatures in a coordinated effort today.

In Olympia, legislators aim to tax wealth made on the ownership of stocks, bonds and other financial assets.

Carolyn Brotherton, policy associate at the Economic Opportunity Institute, said the legislation targets multimillionaires and billionaires.

"It would be a 1% property tax on financial assets worth more than a quarter-billion dollars," Brotherton explained. "We're talking some of the wealthiest people not only in our state but in the world would pay the state wealth tax."

Brotherton noted the tax is estimated to generate $3 billion a year. The funds collected will go to education, housing, disability services and tax credits.

Washington state lawmakers and organizations supporting the bill are holding a news conference today at 12:45 p.m. Lawmakers passed a capital-gains tax in 2021 aimed at wealthy Washingtonians, but the law has been challenged as unconstitutional because it resembles an income tax. The state Supreme Court will hear the case later this month.

Brotherton pointed out Washington state's tax system is reliant on sales tax, which creates a regressive system, in which low-income households pay a much higher portion of their wages in taxes than high-income households do. She added the last time the tax code was significantly updated was in 1933.

"Really, a state wealth tax is bringing our tax code into the 21st century," Brotherton contended. "The way our economy works today is very different than it worked in 1933. We have a very financialized economy."

Brotherton emphasized other states are also realizing their tax codes aren't keeping up with the current economy.

"Wealth inequality is out of control, and it's not just a matter of numbers on a page or issues about fairness," Brotherton asserted. "It's really about making sure that our communities have the resources that we need in order to live a good life."

Wealth taxes are being introduced in six other states today, including California and New York.

South Dakota lawmakers will soon resume debate on a budget-cutting plan targeting library services within the state.

Legislative committees are likely to take another look at Gov. Kristi Noem's proposal to reduce the State Library's main budget by more than $1 million, along with federal funding requiring a state match. A companion bill would repeal the agency's responsibilities.

Elizabeth Fox, president of the South Dakota Library Association and a librarian at South Dakota State University, warned the office would barely exist under the governor's approach. She said it now secures dozens of databases, which help students in many ways, like preparing for college entrance exams. Local branches benefit, too.

"There's medical databases," Fox pointed out. "If you go to the doctor and get told that you have something and you want to learn about it, the public library can help you do so through the databases provided by the State Library."

Fox noted while policymakers embracing these moves might argue about government efficiency, the State Library has purchasing power, which keeps costs lower. She argued taking away that ability would force school and municipal libraries to buy resources on their own when they are more expensive, putting pressure on local taxpayers.

As states try to fill workforce shortages, Fox feels such moves would set students back in charting a path for their professional lives.

"If this goes through, students will not even have a print index to find a journal article that they could go look in print," Fox explained. "It does put the state at a great disadvantage."

Other potential effects include the loss of library staff training for local sites and the use of a courier system allowing patrons to request a book from a different branch. Meanwhile, the national advocacy group EveryLibrary fears South Dakota's plans could be replicated by other states with similar budget motivations.


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In an effort to make up for President Donald Trump moving his inauguration indoors to the Capitol Rotunda, leaving many ticket holders to watch from an overflow arena, Rep. Darren Soto, D-Fla., offered his constituents a unique gesture: a guided tour of the Capitol for those affected by the change in venue.

Just after leading the tour, Soto sat in his office and reacted to breaking news of Trump's sweeping pardons for more than 1,500 individuals charged in connection with the Jan. 6 Capitol riot.

"It is extremely disappointing and sets the wrong tone for his new incoming administration," Soto contended. "When you side with criminals over police officers on the first day, it sends the wrong message. I was in the chamber on January 6. The Capitol police saved my life."

The vast majority of Jan. 6 cases have already been resolved in court, resulting in guilty pleas or trial convictions. However, the final section of Trump's proclamation ordered the dismissal of approximately 300 pending cases. Among those pardoned was Robert Palmer, a Florida man who assaulted police officers with a fire extinguisher, a wooden plank and a pole.

Trump's proclamation commuted the sentences of 14 far-right extremists, including members of the Proud Boys and Oath Keepers. Among them was Kelly Meggs, leader of the Oath Keepers' Florida chapter, who had been sentenced to a decade in prison for seditious conspiracy. While Soto acknowledged leniency for nonviolent offenders who have served significant time, he emphasized others must fully serve their sentences.

"Those who violently attacked police officers should be forced to serve their whole sentence just like any other American who did such a heinous crime would expect," Soto argued.

Michael Fanone is a former D.C. police officer who was attacked by people now pardoned by Trump. He told CNN he feels deeply betrayed by the decision.


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Mississippi is embracing the future of artificial intelligence with Gov. Tate Reeves' executive order establishing a framework for its responsible use across state agencies.

The order tasks the Department of Information Technology Services with inventorying AI technologies and working with stakeholders to develop ethical policies. While seen as a step forward, it raises questions about implementation and oversight.

Kollin Napier, director of the Mississippi Artificial Intelligence Network, said his organization is helping to boost the state's role in AI education and innovation.

"We're already leading on that forefront and with involvement from the governor, with involvement from ITS and bringing even more people into the fold," Napier explained. "We're just continuing that momentum and even amplifying it on a greater scale."

Mississippi joins other states in adopting AI policies following previous failed legislative efforts, including Senate Bill 2062, which aimed to create a task force to explore AI's role in government. Attempts to regulate AI in political advertising also stalled last year, raising concerns about the pace of progress.

Napier emphasizes AI is hardly a new concept but it is now taking center stage and he encourages viewing it as an opportunity for job creation and economic growth, rather than a threat to employment.

"I like to say AI, in and of itself, will not displace you, but the people who are taking the time to learn and integrate that into their day-to-day lives -- their professional lives -- can and will take your job," Napier emphasized. "Because as we're seeing, that's where the future going."

Reeves' executive order has ignited discussions about balancing innovation with regulation, as advocates express hope the initiative will drive economic growth while mitigating potential risks.



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