Tim Eyman proposes his latest Wash. tax initiative

Tim Eyman proposes his latest Wash. tax initiative

Initiative promoter Tim Eyman

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by Associated Press

KREM.com

Posted on January 7, 2014 at 10:50 AM

OLYMPIA, Wash. (AP) -- Initiative promoter Tim Eyman is pushing a new measure that would cut billions of dollars from the state budget unless the Legislature moves forward with a constitutional amendment that would make it harder for lawmakers to raise taxes.
 
Eyman proposed the new initiative yesterday.  The proposal would reduce the state sales tax by a penny, cutting state sales tax from 6.5 percent to 5.5 -- about $1 billion a year in lost revenue. Under the measure, the tax cut could be avoided if the Legislature advances a constitutional amendment to the ballot that requiring a two-thirds vote to approve new taxes.
 
The measure is in response to a state Supreme Court ruling last year that found requiring a two-thirds vote in the Legislature to raise taxes is unconstitutional. The court said that a constitutional amendment would be needed to put in place such a restriction.

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