Washington Millionaires Tax Targeted Again in New Take-Down Bid

A political action committee founded by hedge fund manager Brian Heywood is gearing up for a ballot initiative in its latest bid to dismantle Washington’s new tax on yearly income above $1 million.

The group, Let’s Go Washington, is trying to put a measure to ban the income tax before voters in November. The state’s high court blocked the group’s earlier attempt at repealing the so-called millionaires tax via a referendum, finding it isn’t subject to the popular referendum power since it raises revenue for the state government.

The initiative would need to collect enough signatures first to ...