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| Source: Dave Leip's Atlas of U.S. Presidential Elections[1] | ||||||||||
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Initiative 920 (I-920) was a highly controversial campaign to repeal the estate tax in the U.S. state of Washington. Washington state law directs that revenues collected from the estate tax be placed into the Education Legacy Trust account, which funds financial aid for higher education. The initiative failed, with 33.54 percent voting for and 66.46 percent against.[2]
Supporters
The campaign to get I-920 on the ballot was primarily bankrolled by Martin Selig, a Seattle skyscraper developer, and Dennis Falk, a wealthy former Seattle police officer. Falk's involvement has been particularly controversial. Falk leads the John Birch Society. In 1978, Falk co-chaired Save Our Moral Ethics, an unsuccessful campaign to repeal a law barring housing and employment discrimination against gays and lesbians.[3]
Supporters of I-920 claim the estate tax is an unfair burden on small business. They claim that if small businesses leave Washington, support for local schools will be eroded. They also contend that the 2005 legislature's decision to renew the estate tax contradicted I-402, which was passed in 1981.[4]
Groups supporting I-920 include:
- Associated Builders and Contractors of Western Washington
- Association of Washington Business (AWB)
- Centralia-Chehalis Chamber of Commerce
- D.A. Burns & Sons
- Frank Gurney, Inc.
- GM Nameplate
- Greater Seattle Chamber of Commerce
Opponents
Criticism of I-920 has focused on two main points. First, critics argue that the estate tax is the most efficient way to raise revenue for education and that repealing the tax will compromise educational infrastructure, especially for the poor. Second, critics point out that the tax is graduated and therefore only impacts those most able to pay. They argue that the proponents of I-920 have used the rhetoric of small business interests to create tax breaks for the extremely wealthy. Family farms, for example, are completely exempt from the estate tax. Last year, the Washington Estate Tax affected only 250 of the wealthiest estates.[5]
Groups opposing I-920 include:
- American Federation of Teachers of Washington
- Children's Alliance
- First Place
- International Union of Operating Engineers — Local 609
- League of Education Voters
- League of Women Voters
- Lutheran Public Policy Office of Washington State
- Martin Luther King, Jr. County Labor Council, AFL-CIO
- Pierce County Human Services Coalition
- Public School Employees of Washington
- Retired Public Employees Council of Washington
- SEIU #925
- Statewide Poverty Action Network
- Tax Right
- Washington Association of Churches
- Washington Community Action Network
- Washington Education Association
- Washington State Labor Council
- Washington State NOW
- Washington State Parent Teacher Association
- Washington Tax Fairness Coalition
Results
| Yes | No |
|---|---|
| 207506 | 411149 |
| 33.54% | 66.46% |
External links
- Full text of I-920
- OFM report on potential financial impact of I-920 Archived 2006-09-23 at the Wayback Machine
- Seattle Weekly on Selig and Falk Archived 2008-10-11 at the Wayback Machine
- Pro-I-920 page Archived 2006-09-03 at the Wayback Machine
- Anti-I-920 page
- NPI on I-920
- The Childrens Alliance onf I-920
- Information on various Initiatives from Washington Voter
- The Stranger on I-920 signature gathering
References
- ^ "2006 Initiative General Election Results - Washington". David Leip's Atlas of U.S. Presidential Elections. Retrieved January 12, 2024.
- ^ King County Election Results
- ^ Repeal of estate tax has wealthy backers
- ^ "Archived copy". Archived from the original on 2007-03-11. Retrieved 2006-10-02.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ I-920 hurts higher education
This page was last edited on 12 January 2024, at 23:57