Washington State Pushes 10% Millionaire Tax
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Chuck Collins, heir to the Oscar Mayer fortune, is advocating for higher taxes on the wealthy, leading to a millionaire tax in Massachusetts and similar proposals in states like California, Maryland, Minnesota, New Jersey, and Washington. Washingtons proposed tax, nearly ten percent on earnings over one million, aims to fund free school meals, childcare, family tax credits, and cut sales taxes on essentials. Critics worry it could drive businesses away and spark legal challenges. Meanwhile, red states are cutting income taxes, demonstrating that these policies can work without chasing away the rich.
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