Fast company logo
|
advertisement

Voters will decide whether to save or scrap two progressive bills in November. Brian Heywood wants to ensure it’s the latter.

Why this hedge fund manager is spending $6 million to kill Washington’s landmark tax and climate bills

[Illustration: FC, Getty Images (source photos)]

BY Talib Visram7 minute read

Thirteen years ago, hedge fund manager Brian Heywood fled California and the progressive politics he opposed. Where he took refuge—Washington—might seem like an odd choice, given it’s been 40 years since the state had a Republican governor.

Despite Washington’s blue leanings, he viewed the state as “libertarian-left,” which aligned with his own values and lifestyle. An Arizonan, and formerly a Mormon missionary, Heywood has a ranch reportedly named for a character in Atlas Shrugged. At the ranch, he’s held a Summer Freedom Fest, a conservative-themed cookout with live music and political speeches.

But in recent years, he says the state’s increasingly progressive policies are reminding him of the state he left behind. Particularly a flurry of landmark bills in 2021: a capital gains tax aiming to alleviate the burden on lower-income households; and a climate bill that caps carbon and is fueling the green economy.

For progressives, those represented triumphant wins. For Heywood, they were underhanded means to implement an income tax and a gas tax. This year, he vows to kill them. “Someone had to stand up and push back,” he says.

advertisement

Recognize your brand’s excellence by applying to this year’s Brands That Matter Awards before the final deadline, June 7.

Sign up for Brands That Matter notifications here.

ModernCEO Newsletter logo
A refreshed look at leadership from the desk of CEO and chief content officer Stephanie Mehta
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Privacy Policy

ABOUT THE AUTHOR

Born and raised in London, Talib Visram is a Staff Writer at Fast Company in New York, where his digital and print reporting focuses on the social impact of business. A Master’s-trained multimedia journalist, he’s hosted a variety of audio and video programs, and moderated live events More


Explore Topics