Initiative 2109 would repeal the capital gains tax on the profit from the sales of stocks and bonds over $250,000. It would not apply to real estate or retirement accounts. The money goes toward K-12 education, higher education, school construction, early learning and child care. About 56% of respondents told our pollsters that they would vote against repealing the capital gains tax, which was approved in 2021. About 29% said they would vote Yes to repeal, and about 15% said they were undecided. Support was similar to the September poll, when 30% of voters polled said they would vote Yes, but was down significantly from May, when 47% of voters indicated support.
Initiative 2117 would repeal the state’s cap-and-invest program, which requires polluting companies to purchase carbon credits and reinvests the money into programs and projects that reduce greenhouse-gas emissions or repair the environment. About 46% said they would vote against repealing this program. About 31% said they would vote Yes to repeal and 23% said they were undecided. Like I-2109, the trend was similar, with 30% of voters indicating support in September, falling from 41% in May.
Initiative 2066, which would prohibit laws that discourage natural gas use or promote electrification, and which would instead require utilities to provide natural gas to customers, was the only initiative that got a clear majority of support, with 51% saying they would vote Yes and 28% saying they would vote against it. About 20% remained undecided. Support for this has risen since September, when 47% of respondents to the Cascade PBS/Elway Poll said they supported it.
Initiative 2124 would make participation in the state’s long-term care insurance elective by default, and permit opt-outs at any time. Critics of the initiative say making it easier for workers to opt out of the program, which launched and started collecting the payroll tax last year, would essentially dismantle its financial footing and make the program insolvent. While the initiative led in this poll 45% to 33%, a large number of respondents were still undecided, 22%. However, this initiative has gained support since September, when 39% said they supported repealing the program. The new numbers are more similar to May, when 47% said they would vote to repeal.