Washington Lawmakers Balance Tax Pressures
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Washington lawmakers have passed a partial rollback on estate tax rates, aiming to balance new revenue from a new income tax targeting millionaires. The estate tax fix, if signed by Governor Ferguson, would reset the top rate to its old level for estates of deceased individuals on or after July 1, 2026. The new millionaires tax is seen as a progressive revenue tool, but critics warn it could scare off investment. With the session ending today, lawmakers are racing to finish a full tax package and balanced budgets.
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