Press release: NO on I-2109 Campaign Launches First Ad

Seattle: The NO on I-2109 Campaign has launched its first ad entitled “What We Know”. The ad focuses on the brazen attempt by wealthy hedge fund manager Brian Heywood to rob Washington’s children of billions of dollars in childcare and education funding in order to give a tax cut to the super wealthy. It also highlights the fact that Initiative 2109 would repeal a tax that 99.8% of Washingtonians do not pay, and that the sales of homes, small businesses, and retirement and college savings accounts are exempt from the tax.

“With less than one month until ballots hit mailboxes, it’s important for voters to have the facts about Initiative 2109 and why it’s a bad deal for Washington. This ad does just that. While polling shows we are in a strong position to win, we are taking nothing for granted. I-2109’s backers are running a clear disinformation campaign to try and trick voters into giving a tax cut to fewer than 1% of extremely wealthy Washingtonians. This ad sets the record straight,” said NO On I-2109 Campaign Manager Samantha Casne

About I-2109

Washington voters will decide this fall whether or not to pass Initiative 2109, to cut over $2.2 billion in 5 years from education, childcare, and early learning to hand a tax cut to less than 1% of extremely wealthy Washingtonians by repealing the state’s limited capital gains tax on extraordinary profits.

The money raised by the tax goes to funding education, childcare and early learning. Sales of real estate, retirement assets, small businesses, and farms are exempted. It applies only to annual profits above $250,000 a year from the sales of financial assets such as stocks and bonds.

Learn more about the impacts of Initiative 2109 at no2109.org