Vote Yes Repeal the Income Tax today announced the support of nine statewide business, agriculture, retail, housing, and construction organizations for Initiative 645, including the Association of Washington Business, Washington Farm Bureau PAC, and NFIB Washington.
“The people who drive Washington’s economy and keep our communities running know this income tax will reach every small and family-owned business across the state,” said Jaime Herrera Beutler, spokesperson for Vote Yes Repeal the Income Tax. “We are grateful to these organizations for standing with Washington families and job creators. They know Olympia has a spending addiction, not a revenue problem, and that adding a new income tax right after the largest tax increase in state history will make it harder to hire, invest, and keep prices down.”
“Washington is already a high-cost state for families and employers, even without this new tax,” said AWB President Kris Johnson. “By adopting a state income tax, we are giving up one of our few competitive advantages with other states and regions and making Washington even more expensive for small- and medium-sized businesses, many of which are structured as S-corps and pass-through entities. If this tax is not repealed, they will have a higher tax burden and less profit for capital expansion, equipment, payroll and employee benefits. We hope voters will approve I-645 and lawmakers will get to work creating a growth agenda for the state.”
A full list of endorsements can be found here.