I-645 Could Unravel State Taxes | Vancouver News

A high-stakes tax repeal initiative in Washington, I-645, aims to scrap the controversial “millionaires tax” to fund schools, healthcare, and foster care—but its broad language could accidentally dismantle other key state taxes, risking $16 billion in lost revenue by 2032. Supporters insist it’s narrowly targeted, while legal experts and even the attorney general warn it might sweep away capital gains and payroll taxes too. Complicating matters, the hedge fund backer openly admits the initiative was meant to hit capital gains tax—a move that failed badly before. Voters face a risky choice: a targeted fix or a massive tax unraveling with far-reaching consequences. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d2cf126bd68b0cba