Are you planning to vote in Washington state's election this fall? If so, how will you vote on I-2109, one of four statewide initiatives on your ballot?
The initiative reads: Initiative Measure No. 2109 concerns taxes. This measure would repeal an excise tax imposed on the sale or exchange of certain long-term capital assets by individuals who have annual capital gains of over $250,000. This measure would decrease funding for K-12 education, higher education, school construction, early learning, and childcare.
Here's what we know about I-2109:
- Sponsored by a hedge fund millionaire from California who spent nearly $7 million of his money to put this and other initiatives on the ballot.
- Cuts more than $2.2 billion over 5 years from our education, childcare, and early learning
- Gives a special tax break to about 4,000 of Washington's mega-millionaires and billionaires, less than 1% of us
- Repeals a modest 7% capital gains tax on Wall Street profits exceeding $250,000 that only applies to the very wealthiest Washingtonians. All real estate, farms, and retirement accounts are already exempted from this tax.
Reading this, will you vote NO on I-2109? Sign now if you will vote No.
