Ferguson signs new income tax bill, lawsuit and referendum challenges begin
OLYMPIA — Governor Bob Ferguson signed Senate Bill 6346 into law March 30, enacting a 9.9% income tax on annual income above $1 million as the Citizen Action Defense Fund announced a legal challenge and Let’s Go Washington also announcing it is launching a referendum to repeal the measure. The bill passed the full Senate […]
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 […]
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 […]
Pandemic Billionaire Wealth
For the majority of Americans — honestly, for most people globally — the pandemic has been difficult financially: loss of employment, wage and hiring freezes, reduced hours, soaring inflation, etc. Yet somehow, the ten richest billionaires more than doubled their wealth during the pandemic. In a recent annual report from Oxfam, billionaires’ wealth grew at […]
