Washington State Passes Millionaires Tax
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Washington States House of Representatives passes a millionaires tax bill, targeting less than one percent of residents with a nine point nine percent tax on income over one million dollars. The bill, now moving to the Senate, is hailed by Democrats as a major fix for the states regressive tax system and criticized by Republicans for potentially opening the door to a wider income tax. Revenue begins in 2029 to boost schools, healthcare, colleges, and public safety.
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