Washington State Passes Millionaires Tax
Portland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Washington State Passes Millionaires Tax: A Win for Families and Education
The Washington state House has passed a new millionaires tax bill, set to take effect in 2028. This bill, which targets incomes over one million dollars, includes provisions to expand the working families tax credit and provide tax breaks for small businesses. It also removes sales tax from diapers, hygiene items, and over-the-counter medicines. The governor is expected to sign the bill, which will fund free breakfast and lunch for all K through twelve students. However, the bill has faced opposition, with protests outside the capitol and concerns about its impact on the economy.
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