We Will NOT Sign I-1929, Tax Cut For The Super Rich


Signature gatherers may say anything to get you to sign I-1929. Remember:

  • Look at who is paying for I-1929. A handful of super-rich interests who want to cut taxes for themselves and make the rest of us pay.
  • Just a few people - fewer than 2 in 10,000 - will see big enough profits to trigger the capital gains tax. This is a tax cut for the very rich.
  • The WA capital gains tax does not apply to retirement accounts, real estate, farms, or small business sales. It only applies to huge stock profits bigger than $250,000.

Thousands of Washingtonians have already signed, showing that we will say NO to I-1929.

Some of Washington’s super rich want to give themselves a huge tax cut, and make the rest of us pay.

To give themselves a tax cut, they want to take $500 million a year from Washington's Education Legacy Trust Account, which pays for:

  • education, including safety and other repairs for Washington’s aging schools

  • creating more preschools and childcares so parents can get back to work

  • workforce training like carpentry and culinary skills

  • helping hundreds of thousands students, including those with disabilities

  • Sign now and pledge that you will decline to sign I-1929. Together, we won’t let a few super rich people rig the tax system for themselves, making the rest of us pay for it.

    What you should know about I-1929:

    • rolls back a 7% state capital gains tax that only applies to huge (bigger than $250,000) stock profits made by super rich

    • hurts hundreds of thousands of Washington’s working parents who need childcare, and our students who need safe schools

    • Read the full text of I-1929
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