Washington State Passes Millionaire's Tax
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Washington State House passes millionaires tax bill after marathon debate
The Washington State House has approved a nine point nine percent tax on annual incomes over one million dollars, known as the millionaires tax. The bill passed with a narrow margin of five votes, following over twenty-four hours of intense debate. Despite opposition warnings of potential negative impacts on lower earners and the risk of driving away wealthy residents and businesses, the bill was supported by most Democrats and rejected by all Republicans. The bill now heads to the Senate for approval before reaching the governor, with lawmakers racing against the clock to finish the session by Thursday.
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