Campaign News

 

 

FOR IMMEDIATE RELEASE
December 3, 2015
Contact: Lindsey Klemp | communications@carbonwa.org | (503) 277-3809 (m)

INITIATIVE 732 REACHES SIGNATURE GOAL OF 330,000

Carbon Washington has reached its goal of collecting 330,000 signatures to put Initiative 732 before the legislature in January.

If adopted, I-732 would:

  • Cut the sales tax by a full percentage point (1 cent per dollar).
  • Fund a tax credit of up to $1,500 a year for 400,000 low-income working families.
  • Reduce the B&O tax on manufacturing to protect living-wage jobs across the state.
  • Pay for the tax cuts by charging a $25-per-ton tax on fossil fuels that add carbon to the atmosphere.

“We’re absolutely thrilled,” says Yoram Bauman, the PhD economist who founded Carbon Washington. “People across the state came together to support action now on climate change — and do so in a way that makes our tax system more fair. I-732 is a common-sense approach that allows us to reduce air pollution with a time-tested approach.

“No other plan to make our air cleaner and healthier has gotten this far. It will create good jobs, unleash innovation, and give people and businesses the freedom to come up with creative solutions. We urge every voter in the state to contact his or her legislators and ask them to pass Initiative 732. Let’s set an example for the nation and the world.”

The campaign will continue to collect signatures until they’re delivered to the Secretary of State on Dec. 30.  If validated, the initiative will first go in January to the state legislature, which can take one of three actions:

  • Adopt Initiative 732 as proposed.
  • Allow the state’s voters to approve or reject the initiative in the November 2016 general election.
  • Approve an alternative to the proposed initiative. In that case, both I-732 and the legislature’s alternative will be on the general election ballot in November 2016.

The initiative’s passage would bring about the most significant progressive shift in Washington’s tax code since the 1977 sales tax exemption on groceries.

You can learn more about Initiative 732 at carbonwa.org.

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