Another tax cut for the super-rich and education cuts for our kids.
That’s what Initiative 1929 would mean if it qualifies for the November ballot. A few wealthy Republican donors are bankrolling this initiative to repeal our state’s capital gains tax. If they’re successful, the wealthiest 0.2% of taxpayers would take away $500 million a year from Washington public schools, students, and childcare.
We believe all students in Washington should attend schools equipped to give them the world class education they deserve. But instead of ensuring our schools are safe and resourced, these greedy Republican donors are rigging the system to give themselves another tax break.
Washington already has the most upside-down tax code in the nation, but apparently that isn’t enough for a few of the wealthiest people in our state. They will do whatever it takes to avoid paying what they owe to our communities.
As they fund an effort to gather signatures, we’re joining our partners across the progressive community to fight back against I-1929. The first step is to decline to sign I-1929 and encourage your friends to do the same. Will you join our campaign by declining to sign I-1929?
This initiative repeals a modest 7% tax on the huge profits the super-rich get from hedge funds and the stock market. This tax is so well targeted to the ultra-wealthy that only 0.2% of WA taxpayers ever see enough Wall Street profits to pay this tax.
Together, we can stop this initiative and ensure the super wealthy pay what they owe!
Thanks for all that you do,
Reiny and the entire team at Fuse
P.S. We need to ramp up our campaign right away to stop this initiative from ever reaching the ballot. Will you chip in $20.00 to help us stop I-1929?