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 […]
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 […]
Working families tax credit heads to Governor’s desk
Idea wins broad bi-partisan support Qualified families would qualify for rebate A tax credit for working families in Washington passed the Senate in a bipartisan vote April 11, with lawmakers on both sides saying the exemption for low-income earners was a long time coming. HB 1297 passed the Democratic-led Senate chamber on a bipartisan 47-2 […]
