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Gov. Ferguson Says He'll Sign Latest Version of Millionaire's Income Tax Proposal
The tax would generate about $3 billion annually from roughly 20,000 households, funding expanded credits for 460,000 families and childcare programs.
- Gov. Bob Ferguson on Friday said `I will sign this version of the bill` if SB 6346 passes, as it heads to a House vote possibly on Monday.
- After bargaining with the governor, House Democrats replaced SB 6346 with a striker amendment by Rep. April Berg following talks among legislators and the governor.
- SB 6346 would impose a 9.9% tax rate on income above $1 million, expand the Working Families Tax Credit to 460,000 additional households, exempt over-the-counter medicines, and dedicate 5% of proceeds to the Fair Start For Kids Account while funding free K-12 school breakfast and lunch.
- Republican lawmakers pushed back as Senate Republican Leader John Braun said, `Washingtonians have voted down an income tax 11 times. That should mean something to the people in charge,` while some House Democrats withheld support, saying the bill still does not do enough for families.
- With a March 12 deadline, lawmakers are racing to finalize the supplemental budget before the 60-day session ends next week, and the measure is expected to face court and ballot challenges in 2028 or 2029.
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22 Articles
22 Articles
KHQ Right NowReposted by 
NCWLIFE
NCWLIFEWashington ‘millionaires tax’ headed for passage as Gov. Bob Ferguson says he’ll sign it
SEATTLE — Washington’s proposed new income tax for people earning more than $1 million a year appears headed for passage, with Gov. Bob Ferguson saying he’ll sign the latest version of the measure proposed by legislative Democrats.
·Spokane, United States
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Gov. Ferguson says he’ll sign revised WA ‘millionaires’ tax’ after affordability amendment
Governor Bob Ferguson said he will sign a revised version of Washington’s proposed “Millionaires’ Tax” after lawmakers added an amendment aimed at sending more of the revenue back to families and small businesses.
·Seattle, United States
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The Center Square+3 Reposted by 3 other sources
Passage of income tax bill more likely as Ferguson now says he will sign it
(The Center Square) – Gov. Bob Ferguson on Friday morning indicated that he will sign a revised version of proposed income tax legislation – that is, assuming Senate Bill 6346
·United States
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Total News Sources22
Leaning Left4Leaning Right1Center7Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 33%
C 59%
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