Washington OKs 9.9% tax on millionaires to fund schools and services
TL;DR
Democrat-led Washington state Senate approved a 9.9% income tax on residents earning over $1 million to fund education, prisons, universal school lunches and other programs, with Gov. Ferguson expected to sign. Supporters cite budget pressures and public sentiment, while critics warn about potential business impact and legal challenges, including a ballot repeal effort and constitutional questions around how income is treated.
Topics:nationstate-politics#ballot-initiative#education-funding#income-tax#millionaires-tax#state-politics#washington
- Washington state lawmakers pass ‘millionaire’s tax’ Politico
- Washington State Passes ‘Millionaires’ Tax’ - The New York Times The New York Times
- WA income tax passes Senate, Ferguson expected to sign into law The Seattle Times
- How some states are reviving a push to tax the rich PBS
- Washington Senate approves millionaires tax proposal with 27-21 concurrence vote KATU
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