OLYMPIA, Wash. – Ballot Initiative 2109 was turned down by Washington voters Tuesday, meaning a tax on the wealthiest people in the state will remain in place.
Sponsored by a series of conservative business groups and WA Senate Republicans, Initiative 2109 would have offered a tax cut to high-income Washingtonians.
A state capital gains tax which applies to Washingtonians who make over $250,000 a year would have been overturned by the initiative, making it easier for high-income families to pass on more of their wealth to their children.
The Washington State Budget and Policy Center opposed the initiative alongside the Washington Progressive Voters Guide, arguing that it would harm the middle class.
Now that the ballot measure has failed, the Evergreen State’s current taxation regime addressing top earners will remain in place.
