Millionaires’ Tax Showdown in Olympia: Fears of Business Exodus vs Calls for Fairness
OLYMPIA—Washington lawmakers heard impassioned pleas from both sides during a packed Senate Ways and Means Committee hearing on Friday, February 6, 2026, over Senate Bill 6346, a proposal to impose a 9.9% tax on individuals earning more than $1 million annually. Supporters cast the measure as a vital step toward fixing what they call a […]
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 […]
