Ferguson Advocates for Millionaires' Tax to Reform WA's Tax System
TL;DR
Washington Governor Bob Ferguson supports a proposed 9.9% income tax on residents earning over $1 million, aiming to raise $3 billion annually starting in 2029, contingent on legal approval and voter support, with plans to use the revenue for tax credits, education, and small business relief.
Topics:nationpolitics#budget-shortfall#income-tax#legal-challenges#millionaires-tax#politics#washington
- Ferguson backs income tax on WA residents earning over $1M Washington State Standard
- Ferguson backs seismic shift in WA’s tax code The Seattle Times
- President Trump’s massive tax cuts for the wealthy made our state’s unfair tax structure even worse. I'm committed to sending a significant portion of gains from a Millionaires’ Tax back into the pockets of hardworking Washingtonians, to help make life more affo facebook.com
- Here are some top issues we’re watching ahead of WA’s 2026 legislative session The Olympian
- Gov. Ferguson says he wants to see a 'millionaires' tax' in Washington state KUOW
Want the full story? Read the original reporting
Read on Washington State Standard