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News in English (USA) / 07.03.2026 / 11:00

Washington Governor Backs Revised Millionaire Income Tax Proposal

Governor Bob Ferguson has announced his intention to sign the latest version of the proposed millionaire income tax in Washington, expressing satisfaction with amendments that ensure a significant portion of the revenue will benefit families and small businesses. This revised proposal has garnered the support of state Democrats, who are pushing for its approval, despite concerns from Republicans and tech industry leaders about potential negative impacts on economic growth and innovation. As the legislative session draws to a close, the future of the millionaire tax remains uncertain, with some Democrats concerned about gaining enough support in the House and Senate.
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