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‘Millionaires tax’ repeal qualifies for ballot in Washington state
Supporters say more than 500,000 signatures qualified the measure, which would erase a 9.9% tax on income above $1 million.
Washington's Secretary of State certified Initiative 645 on Wednesday, placing the repeal of the state's 9.9% tax on annual income above $1 million on the November ballot after supporters submitted more than 500,000 signatures.
Let's Go Washington founder Brian Heywood backs the repeal, arguing voters cannot trust state leaders to keep the tax limited to high earners and warning it could eventually expand to more Washingtonians.
Gov. Bob Ferguson launched a campaign against the initiative with organized labor on Tuesday, bolstered by a $1 million donation from the Service Employees International Union to defend the tax.
Opponents including Viet Nguyen argue the tax violates the state's no-income-tax social contract, while Ferguson framed the ballot fight as "a choice between the future and the past."
Collections begin in 2029 if the tax stands, though Ferguson pledged he would veto any legislative action lowering the $1 million threshold to address expansion concerns.