The purpose of this letter is to call your attention to a financial tragedy unfolding now in the state of Washington. I discovered this financial event as part of research that I was completing for the Transition 2030 research project. This research project has two web sites: www.transiton2030.webs.com and www.future4washington.webs.com.
Even though the state is over $20 billion in debt, and the Legislature has not been able to pass a transportation package, Tim Eyman and his “Voters Want More Choices” is seeking to pass four more initiatives in 2014. These are described at
In 2013, Mr. Eyman’s efforts to lower taxes with I-1053 and I-1185 were found unconstitutional by the state Supreme Court.
In the name of “tax savings,” Eyman and “Voters Want More Choices” are at the same time taking money away from public education systems, public transit systems, DSHS, and police and fire departments that protect them. He is trying to take a state that is already $20 billion in debt into bankruptcy.
I advocate for Washington to completely replace its current tax system with a moderately progressive income tax. This is described at www.future4washington.webs.com. This idea has passed the Legislature (Republican and Democratic) five times in the past. I believe that if the voting public were shown facts about the budget in 2014, they would support a progressive state income tax.
Also, personal and corporate income taxes are deductible from federal income taxes. Forty-one states have state income taxes.