Let’s Go Washington, a conservative ballot measure committee, submitted 511,408 signatures to repeal Washington’s 9.9% income tax on earnings above $1 million. The initiative seeks to repeal the tax while preserving tax breaks and the expansion of a tax credit program for lower-income families.
Background
The targeted tax was part of legislation passed by Democrats this year and signed by Democratic Governor Bob Ferguson on March 30th. Every Republican in the legislature and a handful of moderate Democrats opposed it. If at least 309,000 signatures are valid, the measure will qualify for the November ballot.
Supporters of the tax, including the Washington Education Association, have warned that the repeal would lead to deep cuts in state spending, including funding for schools and healthcare. However, opponents of the tax argue that the state would not use the tax proceeds responsibly.
Original reporting: Clark County Today (Vancouver WA) — read the source article.
