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Senate Bill 6346 would raise $3.5 billion annually through a 9.9% tax on income over $1 million amid concerns of manipulated public testimony records.
- After passing the state Senate last week, Senate Bill 6346 moved to the House Finance Committee as the legislative session nears its end.
- SB 6346 would slap a 9.9% levy on income above $1 million, and supporters say it could raise $3.5 billion annually to fund the Working Families Tax Credit and small business tax changes.
- On Tuesday morning, the House Committee on Finance held a two-hour public hearing with around 100 speakers, while Rep. April Berg, D-Marysville, said 19,000 names were duplicated and investigations continue.
- Business advocates warned the tax would effectively hit employers, with one saying `In practice, a tax aimed at individuals would become a new tax on employers, including businesses that may have a strong year on paper, but need the cash to reinvest into their business or weather volatility`.
- It will be presented before the House Finance Committee again on February 27, 2026, and the committee vote scheduled for Friday as House and Senate leadership investigate testimony records.
12 Articles
12 Articles
Washington state lawmakers continue debate as controversial millionaire’s tax proposal advances in legislation
OLYMPIA, Wash. – The "Millionaire's Tax" continues to stir debate as the Washington state legislative session enters its final weeks. After passing the state Senate last week, Senate Bill 6346 has moved forward to the House Finance Committee. A public hearing was held by the committee on Tuesday morning, allowing around 100 people to express
Washington state lawmakers continue debate as controversial millionaire's tax proposal advances in legislation
OLYMPIA, Wash. – The "Millionaire's Tax" continues to stir debate as the Washington state legislative session enters its final weeks. After passing the state Senate last week, Senate Bill 6346 has moved forward to the House Finance Committee.
AFP to Lawmakers: Stop the Income Tax Proposal or Risk Undermining Washington's Economic Future
Olympia, WA — Today, Americans for Prosperity (AFP) testified before the House Finance Committee in opposition to SB 6346. The proposed legislation would impose a 9.9 percent income tax on high earners. More than 100,000 Washingtonians have signed on in opposition to the legislation, the highest total recorded in the Legislature’s online system. In addition to delivering testimony, AFP joined Washingtonians outside the capital to voice strong op…
The Center Square
Everett PostFormer WA AG Rob McKenna says income tax bill 'doesn't pass laugh test'
(The Center Square) - Legislation that would impose an income tax on people who make more than a million dollars is set for another public hearing Tuesday in Olympia.
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