Proposed ‘Billionaire Tax’ in California results in an exodus of $700+ billion in wealth
With all this talk about a Millionaires’ Tax in Washington state, California may provide a crystal ball into what may happen here in the Evergreen State. After passing a “Millionaires’ Tax” in 2004, then a “Very-High Earner” tax on those making over $250,000 passed in 2012, now Californians may be hit with a new “Billionaire […]
What’s on the agenda for Washington’s 2026 legislative session
With a looming $1.6 billion to $2.3 billion budget shortfall hanging over the Washington state legislature, House and Senate leaders and Governor Bob Ferguson presented differing proposals to address the issue. Three panels of House and Senate leaders discussed the state’s transportation budget and general fund, while Ferguson renewed his support for a “millionaire tax.” […]
WA GOP budget lead blasts Ferguson’s budget plan as ‘a complete joke’
[The Center Square]—Washington state Gov. Bob Ferguson released his proposed 2026 supplemental budget on Tuesday, the deadline for presenting it. Ferguson’s proposed budget totals $79 billion and aims to address a projected $2.3 billion shortfall through a combination of cost-saving reductions and targeted spending in housing, education and infrastructure. “I want to be clear that […]
Washington Gov backs ‘millionaires tax’ on incomes over $1M
OLYMPIA [Jake Goldstein-Street]—Washington Gov. Bob Ferguson on Tuesday threw his support behind a proposed income tax on residents earning more than $1 million annually, and said he’s prepared to sign the policy into law next year. Some legislative Democrats are eyeing a 9.9% “millionaires tax” on adjusted annual gross income over $1 million. Ferguson endorsed this version […]
Approve I-2124 to get a pay raise, end government’s monopoly on long-term care coverage
All four of the citizen initiatives on the upcoming general election ballot would let people keep more of their own money. That alone is a good reason to support each. Initiative 2124 stands out among those measures, as it literally offers a fast track to a larger paycheck. The passage of I-2124 would give many […]
First three Let’s Go Washington initiatives pass the legislature and now law
OLYMPIA—Three of six Let’s Go Washington landmark initiatives to the legislature passed both chambers of the Washington State Senate and House on Monday, March 4, and will become law in 90 days after the Legislature adjourns on March 7—no signature by Governor Jay Inslee is needed. The three initiatives that did not receive public hearings […]
Legislature holds hearing on initiative concerning personal income tax
OLYMPIA—The Senate Ways and Means Committee and the House Finance Committee held a joint public hearing to discuss a citizen initiative, I-2111, concerning personal income tax, in the John L. O’Brien building in Olympia Tuesday, February 27. The joint meeting was chaired by Representative April Berg (D-Mill Creek). There was a total of 181 testifiers […]
