Washington Governor's Income Tax Plan Faces Negotiations
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Washington Governor Bob Ferguson faces a challenge as Democratic lawmakers push for a new income tax on households earning over $1 million annually. The tax could generate $3 billion annually, but negotiations are ongoing over how to spend the revenue. Tech leaders urge a pause, suggesting a capital gains tax increase instead. Expect bill tweaks this week, with a potential House vote by the weekend.
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