Washington Governor Proposes Millionaire Tax
Update: 2025-12-24
Description
Washington Governor Bob Ferguson proposes a new income tax on earners over $1 million, aiming to cut sales taxes, boost working families credit, fund K-12 schools, and lower small business taxes. The tax could bring in $3 billion annually, but revenue wouldnt start until 2029. Ferguson highlights the states regressive tax system, calling for a legally sound, inflation-adjusted $1 million threshold. Democratic lawmakers support the idea, while Republicans oppose it. Legal challenges persist, but Ferguson is optimistic. As budget battles intensify, one things clear: after number-crunching, nothing beats a good nights sleep. Checkout Solipillow.com
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