Washington lawmakers inch toward 9.9% tax on top earners as deadline nears

1 min read
Source: KOMO
Washington lawmakers inch toward 9.9% tax on top earners as deadline nears
Photo: KOMO
TL;DR Summary

Legislative leaders in Olympia moved overnight toward a vote on a proposed 9.9% income tax on income above $1 million, set to take effect in 2029. Supporters, including Gov. Ferguson, say the revenue would fund families and small-business programs, while Republicans push amendments such as a charitable deduction. Critics warn the plan could violate the state constitution and invite court challenges, with opponents weighing a citizen initiative to repeal if it passes. If approved by the House, the bill would go to the Senate and then Ferguson for signature.

Share this article

Reading Insights

Total Reads

1

Unique Readers

2

Time Saved

2 min

vs 2 min read

Condensed

78%

39989 words

Want the full story? Read the original article

Read on KOMO