The purpose of the above document is to outline a series of revenue proposals worth half of the $2 billion legislators will seek to save/raise/cut in the upcoming special session. As you can see, the proposals include both tax increases on the well-to-do, and elimination of tax exemptions that, again, favor the well-to-do.
EOI doesn’t have an official position on how to address I-1053; under 1053, with a simple majority vote, legislators could put this package of tax breaks to an up-or-down vote by WA voters.
On Tuesday Gov Gregoire proposed a 1/2 cent sales tax hike to help cover the expected $2 billion revenue shortfall. Far better would be to eliminate unfair tax exemptions! See this article in the Seattle P-I.