Washington State Passes Millionaires Tax
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Washington State Lawmakers Pass Millionaires Tax: A Potential Game-Changer for Funding Key Services
Washington state lawmakers have approved a new tax on households earning over $1 million, aiming to boost funding for schools, healthcare, higher education, and public safety. The millionaires tax adds a 9.9% levy on income above $1 million, with supporters hailing it as a progressive move that will touch less than 1% of residents. However, Republicans have raised concerns about potential legal challenges and the impact on businesses. The bill now heads to Governor Bob Fergusons desk for approval.
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