Washington State Lawmakers Approve Millionaires Tax
Olympia, WA—Rejecting scores of Republican poison pill amendments, the Washington State House of Representatives on March 11 approved by a 51 to 46 vote a “millionaires tax” of 9.9% on annual income over $1 million. The Senate had approved the measure March 10 by a vote of 27 to 21. It is now on Gov. Bob Ferguson’s desk, and he has promised to sign it into law.
The governor had expressed unhappiness with the Senate-approved version, arguing that it fails to earmark enough in funding for state programs that serve low-income families, children, and small businesses.