Ferguson signals signing updated millionaire tax plan with family and small-business relief
Washington Gov. Bob Ferguson says he will sign the latest version of the proposed millionaire income tax, which would levy 9.9% on earnings over $1 million and redirect revenue to benefits like a expanded Working Families Tax Credit, free school meals for all students, OTC medicine sales-tax exemption, and childcare accounts, aiming to bolster families and small businesses; Democrats praise the changes while Republicans push back, and the bill still must pass both the House and Senate before signature.