An editorial in Sunday's Columbian, urging voters to reject I-1098, talks about trust. The income tax proposal is written to apply to individuals making over $200,000 (and married couples making over $400,000); consequently, supporters are selling it as being a tax on the rich only.
But the Columbian isn't buying it:
On Friday, Washington State Wire ran a story on the volatility of the income tax on high earners that is proposed in Initiative 1098. No matter what you think of the merits of an income tax per se, this particular proposal is untenable -- especially given Washington's current budget situation. Erik Smith writes,
A Forbes.com article from yesterday looks at how the federal government and some states are considering increasing taxes on the wealthy. It includes a discussion of Initiative 1098 in Washington.