Bill Gates Sr. Leads Charge To Tax The Wealthy In Washington State
SEATTLE � Bill Gates Sr. is leading a new initiative campaign for a state income tax on wealthier residents, saying Washington's current tax system is unfair and doesn't supply a steady stream of money for important state programs.Wednesday's announcement sets up a bruising political fight in the fall � if the measure can make it onto the November ballot. Organizers will need to collect more than 240,000 valid petition signatures by July 2 to qualify Initiative 1077.
Gates, father of the Microsoft Corp. co-founder, is a longtime supporter of tax reform in Washington. He said the issue has been studied extensively without enough action.
"So today, this day, we're going to do something," Gates said.
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