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Washington’s Income Tax on Millionaires Would Fund Universal Free School Meals Under New Plan
The tax targets about 30,000 high earners and is projected to raise $4 billion annually with offsets for small businesses and low-income families, starting in 2028.
- On Monday, the Washington state House of Representatives launched a final-floor debate on Senate Bill 6346, proposing a 9.9% tax on income over $1 million.
- Supporters say the tax would raise roughly $3 billion to $3.7 billion annually, with Gov. Bob Ferguson backing the bill and Berg calling it 'a 100-year change to our tax code'.
- Facing intense opposition, Republican lawmakers filed about 80 amendments, and Rep. Travis Couture said, 'We have a generational seismic shift in our tax policy about to be debated on the floor tonight'.
- The measure would begin applying in 2028, with first payments due in 2029, and if the House passes it, the bill must return to the Senate for concurrence and then to the governor.
- Washington's move is striking because the state is one of nine without a personal income tax; the 109-page bill was released on Friday, and about 500 employers report 44% considering moving domicile before Thursday.
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Harger: Olympia is passing an income tax you can't vote on. Now a Democratic leader wants to dissolve businesses that fight back
The Washington State legislature is expected to pass a millionaire income tax this week. The bill is written so it cannot go to a public vote through a referendum.
·Tacoma, United States
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Washington Democrats Aren’t Passing a “Millionaires’ Tax.” They’re Rewriting the Code to Tax Everyone.
I called it. I saw this coming a mile away. By now, Bob Ferguson’s move was entirely predictable. For days, we were treated to the usual theater: reports that he was “not sure” he could sign this new tax package, hand-wringing from Democrats about internal division, whispers that maybe this time they’d draw a line. And then, right on cue, Ferguson announced he would sign it. Every Democrat fell in line. https:///thehoffather/status/2030659816893…
Coverage Details
Total News Sources12
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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