A new initiative on November’s ballot, I-2109, will roll back the steps we’ve taken toward a more fair tax code, pushing Washington back to the worst in the nation.
I-2109 would repeal the capital gains tax, cutting billions from childcare and education just to give the ultra-rich a tax cut. We can’t let that happen. Thanks to your support, action, and advocacy, we passed the capital gains tax and defended it in the State Supreme Court. Now, it’s time to join together again to protect this crucial funding for child care and education.
Be an early endorser of No On I-2109 to make sure we defeat I-2109 on this November’s ballot!
This initiative is backed by a hedge fund millionaire who moved here a few years ago. Dubbed “Tim Eyman with a gigantic bank account,” conservative mega donor Brian Heywood spent $6 million on paid signature gatherers to qualify I-2109 and other initiatives to the ballot.
If passed, I-2109 will:
- Cut more than $5 billion over 6 years from our education, childcare, and early learning by giving a tax break to about 4,000 of Washington’s mega-millionaires and billionaires
- Repeal the capital gains tax – a modest 7% tax on Wall Street profits exceeding $250,000 that only impacts the very wealthiest Washingtonians
- Take resources from much-needed childcare and our drained schools, reducing the workforce and impacting Washington’s small businesses and economy
- Increase pressure on the rest of us to make up the difference through property and sales taxes
We’re fighting to protect the capital gains tax because it’s time for the wealthy to pay what they owe in taxes. The capital gains tax is good for Washington – and I-2109 is just another attempt by the super-rich to rig the system in their favor, at the expense of the rest of us. Sign now to defeat I-2109!
With gratitude, Treasure Mackley
Executive Director Invest in Washington Now
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