Our state’s biggest CO2 polluters, backed by the Association of Washington Business, funded the misleading ad campaign against Initiative 732. They want to keep dumping pollution into the air and making everybody else bear the costs rather than paying their fair share.
Their ads claim industrial and commercial emissions are down 18 percent since 1990, but that’s not from their “collaboration and innovation” as the ads say. It’s because the aluminum smelters left the state during the West Coast energy crisis, when electricity prices soared up to 800 percent, and because cheap natural gas and the increase in renewables and energy efficiency from Initiative 937 (which they also opposed) have reduced the coal emissions in our electricity.
Their ads said household electricity costs would go up 20 percent. As your recent article revealed, they based that on faulty data, and are now walking it back to just 5 percent.
Their ads claim I-732 will raise energy prices, but they don’t mention that the money raised will cut other taxes. I-732 lowers the sales tax by 1 percent, saving everybody from grandmothers to home builders $1.7 billion a year, plus it returns up to $1,500 a year to 460,000 working families. It eliminates the business tax on manufacturers to keep them competitive.
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With so much misinformation swirling around this election, voters need to get the facts. I-732 is a straightforward policy: it taxes harmful pollution and lowers taxes on families and businesses. Go to yeson732.org to learn more.