“Fear of Eyman” stopped new capital gains tax in Washington state?
In Sunday’s Seattle Times, a columnist was selling the idea of creating and imposing a brand new tax in Washington state: a capital gains tax.
Call it “Son of 1098”.
In 2010, all the libs went hog wild and pushed a brand new state income tax with Initiative 1098. For a year, they inundated the electorate with $6 million worth of ads, touting the brilliance of this new tax. They promised it’d never be imposed on you and me, only on those “rich guys” behind the tree. What’d voters think of it? 65% said “Yuck!”
It failed in every county. Voters were repulsed by it.
Nonetheless, during the 2014 session, liberal politicians in Olympia started pushing the idea of a new capital gains tax.
The Seattle Times’ columnist explained why their new tax hike went nowhere:
“Plans like this were suggested in the last Legislature (http://apps.leg.
We’re not denying that our 16 years of letting the voters decide on higher taxes had an effect (something we’re very proud of).
But come on, the voters’ clear rejection of Initiative 1098 in 2010 (and previous rejections of state income taxes over our state’s history) is hurting the liberals’ prospects for a “Son of 1098.”
Everyone knows how Olympia works: once they successfully impose a new tax on some, it’ll eventually get imposed on all. Camel’s nose under the tent, slippery slope, use whatever cliche you want, it’s just a fact.
The columnist concludes: “There’s nobody bold in Olympia that the public trusts and will follow.”
Is it “bold” to do the exact opposite of what the people want?
Elitists think that way. We don’t.
“Bold” would be politicians prioritizing spending, using existing revenues more cost effectively, and saying “no” to the powerful special interest groups that want higher taxes.
Our efforts are needed because that kind of “bold” is in short supply in Olympia.
We’re gearing up for a huge fight next year — we need your help to succeed.