Hedge fund millionaire Brian Heywood is trying to repeal our state’s tax on capital gains profits with Initiative 2109.
Why should you care? The tax on capital gains profits helps fund childcare and education in Washington. If it’s repealed, it will worsen Washington’s childcare and school funding crises from Seattle to Wenatchee to Spokane. And that’s the last thing our state needs.
I-2109 is a ploy by a few ultra-wealthy people to avoid paying what they owe. It would cut more than $5 billion in funding for education, childcare, and early learning over six years to pay for a tax break for about 4,000 mega-millionaires and billionaires.
Brian Heywood has already spent millions of dollars to put this bogus initiative on the ballot. He and his ultra-rich friends will spend even more on the campaign to pass I-2109 so they can try to shape Washington’s tax code in their favor.
Washington state’s tax code has been upside down for years, and I-2109 would only make things worse. Thanks for reading up on it and joining the movement to defeat it!
— Team Civic Action
Civic Action
119 1st Avenue South Suite 320
Seattle, WA 98014
United States