Washington’s capital gains tax would only hit people who’ve reaped millions by putting their money into Wall Street, venture capital firms, and hedge funds. BO ZAUNDERS/GETTY IMAGES
Shortly after Tim Eyman failed his quest to block “personal income taxes” and repeal a new tax on capital gains all at the same time, a few wealthy conservatives launched a campaign to simply repeal the capital gains tax. If successful, the “Repeal the Capital Gains Income Tax” campaign, or I-1929, would strip away half a billion dollars per year for childcare and education. Luckily for the children, the campaign is already off to a bumpy start.
A complaint filed to the Public