Let’s Go Washington’s latest initiative campaign, aimed at repealing the state’s new “millionaire’s tax,” made a stop in Tumwater on Wednesday to gather signatures.
As previously reported by The Center Square, LGW and the organization’s founder Brian Heywood announced May 12 that it was launching a signature gathering campaign for IP26-645, LGW’s initiative opposing the income tax passed by the Washington state Legislature this year.
Senate Bill 6346 is the new law that imposes a 9.9% tax on annual income above $1 million starting in 2028, due on 2029 tax returns.
It is estimated to bring in between $3 and $4 billion per year, however critics suggest the tax will not generate nearly that amount as wealthy Washingtonians and business interests flee the state to avoid the penalty.
“LGW has 51 days to gather 400,000 signatures, a goal supporters are confident they can reach. In 2024, LGW gathered 540,000 signatures in 45 days to qualify I-2066 for the ballot,” wrote LGW in a news release.
I-2066 was an initiative to ensure natural gas remains an energy choice.
“We are extremely confident that we’ll be able to do this,” Heywood said. “It’ll be on the ballot.”
