Washington State Tax Fact #6: I-884 is a Billion Dollar Tax Hike

By saying the tax hike is “one penny,” supporters of I-884 are trying to make the increase seem insignificant. Nothing could be further from the truth—the billion dollar sales tax hike would raise the sales tax by 15.4 percent.

Ordinary Washingtonians would surely notice the impact of this tax hike: the average person would pay $115 in extra sales taxes every year. In fact, this “one penny” increase is enough to give the Evergreen State the highest sales tax rate in America.

The sales tax increase would also be a heavy burden for Washington businesses. The Washington Policy Center estimated that Washington will lose 10,000 jobs if the initiative passes. With an unemployment rate at 6.2 percent—well above the national average—the state cannot afford the I-884 tax increase.

Don’t be fooled: this billion dollar tax hike is not insignificant.

For more information, please visit http://www.freedomworks.org/washington