Washington House Approves Tax on High Earners After Marathon Floor Session
TL;DR
After a 24-hour-plus floor debate, the Washington House approved a 9.9% tax on households earning over $1 million by a 51-46 vote (one excused). Democrats say the Millionaires’ Tax would raise up to $3 billion for education, health care, and public safety; Republicans call it a delay tactic and warn it could impact smaller earners and businesses. If signed by Governor Ferguson, the measure would take effect in 2029 and moves to the governor’s desk as the session wraps up.
Topics:nationpolitics#education-funding#millionaires-tax#politics#public-safety#tax-policy#washington
- WA House passes Millionaires Tax in 51-46 vote after 24+ hours on the floor KIRO 7 News Seattle
- WA income tax clears House after 24-hour debate The Seattle Times
- Opinion | Washington State’s Income Tax Con WSJ
- House approves 'millionaires tax,' bill heads to Senate for confirmation king5.com
- Washington’s 9.9% Millionaire Tax Raises Fears Of Wealthy Exodus Forbes
Want the full story? Read the original reporting
Read on KIRO 7 News Seattle