The multimillion-dollar fight over WA’s cap-and-invest program

Heywood loaned Let’s Go Washington another $157,000 in 2024, according to the PDC. Let’s Go Washington’s top donors in 2024 are Bellevue-based Kemper Holdings, led by prominent businessman Kemper Freeman Jr. ($100,000), Yakima business investor Peter Plath ($50,000), a Yakima-based entity called 1975 CHRD ($12,000) and the Washington Retail Association ($10,000). 

Cap-and-invest supporters “are going to have to raise $15 million to convince people of something that is not true. [Cap-and-invest] is not designed to remove climate change. It is designed to be a tax,” Heywood said.

Both sides said they expect lots of small contributors to donate to their campaigns. “Other side is a bunch of big money. …

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