Why do we need this initiative?
The income tax is not just a tax on “the rich”; it is a legal test case designed to open the door to a broader statewide income tax. Senator Jamie Pedersen communicated openly with the Attorney General’s Office about how to get the Washington Supreme Court to reconsider longstanding income-tax precedent, and sidestep voters to pass his unconstitutional tax.
• Legislators refused to put guardrails in the income tax to prevent the threshold from dropping lower than on people who earn $1 million, that means this is a tax that is coming for all Washingtonians.
• The tax is imposed on individuals, not on the largest and wealthiest corporations, meaning many of the richest corporate entities are left untouched while individuals, pass-through business owners, entrepreneurs, and households with one-time income events are targeted.
• The tax has already accelerated capital flight by encouraging high earners, founders, investors, and retirees to relocate before the tax begins in 2028.