As Washington voters head into the November 2024 elections, there’s one key measure that demands your attention—Initiative 2109, an effort to repeal the state’s controversial income tax on capital gains.

Friends, As Washington voters head into the November 2024 elections, there’s one key measure that demands your attention—Initiative 2109, an effort to repeal the state’s controversial income tax on capital gains. If passed, this initiative will end the 7% tax on capital gains of $250,000 or more that lawmakers enacted in 2021, restoring Washington’s long-standing policy of no state income tax. Many believe this tax is unconstitutional and bad for business, and yet, despite public opposition, the legislature refused to act on the initiative earlier this year. Now, the decision is in the hands of voters. To help you fully understand what’s at stake, we’re offering a free Citizens’ Guide to Initiative 2109. In this guide, you’ll find: • A breakdown of how this tax works • Why it’s an income tax despite its “excise tax” label • The economic impacts, including the harm to investment and business migration. Washington Policy Center has prepared this guide to ensure you have all the facts as you cast your vote. Download it now to get the full story and stay informed about critical decisions affecting our state. >>>Download the Guide<<< Thank you for being engaged and making your voice heard. Best regards, David Boze Communications Director The Washington Policy Center P.S. Keep the Washington Policy Center in mind as your go-to source for reliable updates on the latest legislative actions in our state!