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Could a WA Income Tax Sink Chances of Sonics Return to Seattle?
Washington Democrats debate how to allocate $3.5 billion in revenue from a 9.9% tax on millionaires, balancing tax relief and funding for schools and small businesses.
- After the Senate approved the measure Monday, Washington state Democrats debated the millionaire tax while Gov. Bob Ferguson urged focus on affordability and education on Tuesday.
- Seeking balance, Senate Majority Leader Jamie Pedersen, D‑Seattle, said Democrats support the tax to fund schools and property‑tax relief, despite voter skepticism and legal risk, on Tuesday.
- Under the governor's plan, $1 billion in small business relief exempts the first $2.5 million of revenue, and the Working Families Tax Credit would expand by 30%, helping 460,000 households.
- Assuming the House revises the bill, it would return to the Senate for an up-or-down vote, while lawmakers scrambled to meet a 5 p.m. procedural deadline amid risks of court challenges and a voter ballot.
- Documents obtained by KVI suggest the tax could hurt Seattle's NBA prospects, critics cite Amazon's $89 billion profits and federal tax policy, while migration figures 2021–22 show a net loss of 18,798 residents.
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Watauga Democrat+15 Reposted by 15 other sources
Could a WA income tax sink chances of Sonics return to Seattle?
(The Center Square) – Documents obtained by a Seattle radio talk show host indicate the possibility of Washington lawmakers passing an income tax on those making more than a million dollars a year could hurt the odds of Seattle getting…
·Calhoun, United States
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Coverage Details
Total News Sources23
Leaning Left4Leaning Right3Center4Last UpdatedBias Distribution37% Left, 36% Center
Bias Distribution
- 37% of the sources lean Left, 36% of the sources are Center
37% Left
L 37%
C 36%
R 27%
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