Washington Senate Bill Would Revert 2025 Estate Tax Rate Increases to Prior Levels as Income Tax Debate Continues

Op-Ed: Washington Legislature, Don’t Reverse the Estate Tax » The Urbanist

The good news from Olympia is that the Democrats are intent on passing an income tax on millionaires. The bad news is that they seem to want to give back money to billionaires. How does this work out? Senate Bill 6347 and House Bill 2725 are clearly titled, “Undoing recent changes to the estate tax.” By reversing the increases in tax rates on the very wealthy, especially the billionaires, this proposal would result in a revenue loss to the state…

Washington Senate Bill Would Revert 2025 Estate Tax Rate Increases to Prior Levels as Income Tax Debate Continues

OLYMPIA, WA – As majority Democrats in Olympia push ahead with a controversial income tax bill, they are also moving to roll back another tax-the-rich policy passed during the 2025 session. Senate Bill 6347, authored by Sen. Claudia Kauffman, D-Kent, would change the rates approved a year ago for all eight brackets exactly to where they were before the last change. The wealthiest were hardest hit by last year’s change, and thus are the biggest b…