Tension rising over how to spend revenue from proposed WA income tax
OLYMPIA [Bill Lucia] — A day after the Washington state Senate approved an income tax on millionaire earners, Gov. Bob Ferguson said he’s still not satisfied with the bill. He’s previously preached the need to pump a significant portion of the proceeds toward tax relief. On Tuesday, he said lawmakers hadn’t gone far enough and […]
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 […]
