Schmudget Blog

I-1098 Would Cut Taxes, Fund Improvements in Health Care and Education

Posted by Andy Nicholas at Jul 23, 2010 02:53 PM |

Initiative 1098 offers Washingtonians an opportunity to enact important long-term reforms to our state’s inadequate revenue structure.  The measure would reduce taxes for homeowners and small businesses while providing additional resources for education and health care through a new tax on high incomes.

The proposed tax on high incomes would generate some $1.7 billion per year in additional resources for Washington State.  The graph below shows how the new revenue would be spent.


As the graph shows, about 45 percent ($766 million) of the revenue would be spent on improvements to Washington’s education system.  Another 21 percent ($357 million) would be used to lower property taxes for homeowners and businesses.  The remaining revenues would be spent on new funding for health care services ($328 million) and lowering B&O taxes for small businesses ($249 million).

For more information on I-1098 and other measures to appear on the ballot this November, read our latest policy brief, “2010 Initiatives Could Impact Public Services.

Document Actions

Budget Matters 2018 logo

Join us at Budget Matters!

Our Budget Matters 2018 policy conference will take place on November 13 at Seattle Center. john a. powell from the Haas Institute for a Fair and Inclusive Society is the keynote. Sign up now.

Our policy priorities

Washington state should be a place where all our residents have strong communities, great schools, and the chance for a bright future. Our 2017-2019 Legislative Agenda outlines the priorities we are working to advance.

Testimonies in Olympia

Misha TVW
Watch our 2018 legislative session testimonies on TVW: