Five Facts About I-1098

Five Facts Every Voter Should Know About I-1098:

1. I-1098 would finally reform our state's outdated tax system by establishing a progressive income tax on the wealthiest 1.2 percent of households.

2. I-1098 would generate $2 billion per year dedicated to a trust fund for education, the top priority established in our state constitution, and critical health care programs.

3. I-1098 would cut state property taxes for all Washingtonians by 20 percent and eliminate B&O taxes for 81 percent of small businesses.

4. Even the wealthiest households would pay taxes on only income earned above $400,000 a year for couples or $200,000 for individuals.

5. The recession has forced devastating cuts to education and health care services that threaten our state's future. More than 40,000 Washingtonians have lost basic health coverage and 2,600 education jobs have been eliminated in the last two years. Initiative 1098 will help reverse these cuts and put Washington back on track.

Please share with your friends and neighbors!

Update:
The SeattlePI.com editorial board came out strongly in favor of I-1098 today, in its first ever editorial, calling it a "watershed on who we are and where we want to go as a state."