Sen. Pedersen Says Legislature Has No Desire to Expand Millionaires' Tax, but Calls 1933 Ruling 'a Mistake'
Pedersen said lawmakers are not seeking a broad income tax as supporters argue the 9.9% levy on millionaires would raise revenue for schools and health care.
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AG Brown defends office emails on strategy for 'referendum-proof' income tax
(The Center Square) - Attorney General Nick Brown defended his staff's discussions with lawmakers over the millionaire's tax that The Center Square reported last week, saying it was appropriate to
Sen. Pedersen says Legislature has no desire to expand millionaires' tax, but calls 1933 ruling 'a mistake'
Senate Majority Leader Jamie Pedersen is quelling speculation that the millionaires’ tax, a 9.9% tax on households earning more than $1 million annually, will turn into a general state income tax. But he also recognized he’s asking the Supreme Court to take a second look at the 1933 ruling at the center of the debate. A Center Square investigation claimed lawmakers were using the tax to overturn Culliton v. Chase, a 1933 Supreme Court ruling wid…
'Final blow': Washington investor predicts mass business exodus over new income tax - The Daily Chronicle
As the Washington State Supreme Court prepares to weigh in on the constitutionality of a portion of the recently passed income tax on high earners, another high-net-worth Washingtonian is making plans to potentially relocate his business and his home. Zach Abraham, principal and chief investment officer at Bulwark Capital Management, told The Center Square in a Tuesday interview the income tax is “the final blow” as far as he’s concerned, and he…
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