An initiative on this fall's ballot, I-2109, will roll back progress we've taken toward a more fair tax code and move Washington back to the worst in the nation. It would repeal the capital gains tax, cutting billions from childcare and education just to give the ultra-rich a tax cut and put more tax pressure on the rest of us.
If passed, I-2109 will:
- cut more than $2.2 billion over 5 years from our education, childcare, and early learning by giving a tax break to about 4,000 of Washington's mega-millionaires and billionaires.
- put more pressure on the rest of us to make up the difference through property and sales taxes.
- repeal 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.
- takes resources from much needed childcare and our drained schools from Walla Walla to Port Angeles, reducing the workforce and impacting Washington's small businesses and economy.
This initiative is backed by a hedge fund millionaire who moved here a few years ago. Dubbed "Tim Eyman with a gigantic bank account," he spent $6 million on paid signature gatherers to qualify I-2109 and other initiatives to the ballot. You can help defeat I-2109 adding your name. By endorsing No On I-2109 now, you'll get occasional insider updates and opportunities to take action.
Paid for by Invest in Washington Now, 509 Olive Way Ste 1133 Seattle, WA 98101 Top Contributors: Washington Federation of State Employees, Washington Education Association, Service Employees International Union Washington State Council, Civic Ventures
