Would levy an income tax of 5 percent on individuals who make more than $200,000 a year, or couples who make more than $400,000 that jumps after reaching $500,000 for individuals and $1 million for couples. It would reduce the state portion of your property tax bill by 20 percent and increase credits for the businesss and occupation tax.
Let me start by saying that I am a lucky guy. I’m a self-made man who retired at 33, is way overmarried to a fabulous physician and is blessed with three great kids who are in a wonderful local school. I was raised by two hardworking school teachers in Spokane and received a good public education.
I am proud to be chairman of Red Lion Hotels Corporation and former CEO, but my thoughts on the importance of Initiative 1098 are my personal observations. However, it is the 40 years helping build and lead a company that forms my conviction on why we really need 1098.