Washington State Senate Approves Controversial Millionaires Tax
The Washington State Senate has approved a contentious income tax on individuals earning over $1 million, a move that has sparked significant debate among lawmakers and the public. Governor Bob Ferguson has outlined his conditions for the tax, emphasizing that a significant percentage of the revenue must be returned to families. While some legislators, including Ferguson, are confident that the tax will ultimately pass, others have expressed strong opposition, citing concerns about its potential economic impact, especially on small businesses and farmers. The bill will now head to the House for further consideration, amidst heated discussions on how to manage the revenue generated from the tax.
The Seattle Times, Washington State Standard, Washington Senate Democrats (.gov), KOMO, Axios, KING5.com, The Center Square, FOX 13 Seattle, Northwest Progressive Institute, "Peoples World"