Washington Governor Proposes New Tax for Millionaires
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Governor Bob Ferguson proposes a new state income tax on millionaires, with revenue allocated to family relief efforts, including expanded free school meals. The plan also includes a sales tax holiday, diaper exemption, and growth in the Working Families Tax Credit. Lawmakers like Senator Marcus Riccelli and Representative April Berg support the bill, which aims to reduce food stigma and improve affordability for families and small businesses. The proposal faces legislative hurdles, but officials see it as a step towards fixing the tax code.
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