A sweeping new tax on Washington’s highest earners is poised to become law, setting up what supporters and critics alike expect will be a high-stakes fight in c
A sweeping new tax on Washington’s highest earners is poised to become law, setting up what supporters and critics alike expect will be a high-stakes fight in court and at the ballot box. A sweeping new tax on Washington’s highest earners is poised to become law, setting up what supporters and critics alike expect will be a high-stakes fight in court and at the ballot box.
Gov. Bob Ferguson is expected to sign the so-called “millionaires tax” bill Monday morning, a move supporters say will rebalance the state’s tax code and critics call an unconstitutional step toward a broader income tax.In an advisory sent by the governor’s office Sunday, Ferguson will take bill action starting with the signing of Senate Bill 6346 at 10 a.m. Monday in the State Reception Room in Olympia. The measure would impose a 9.9% tax on annual income above $1 million, including dual-income households. Ferguson, a Democrat, has championed the proposal and said it will affect less than one-half of 1% of Washington households. He has said the revenue would fund expansions to the Working Families Tax Credit, extending benefits to about 460,000 additional households, provide relief for some small businesses, and pay for child care and free breakfast and lunch for all K-12 students.Washington legislative session wraps with Millionaires Tax fight ahead Democrats defended the bill as a step toward tax reform, arguing it would ensure the state’s highest earners contribute more toward public services. Critics, however, warned the proposal could open the door to broader income taxes in the future. Opponents argue the proposal is unconstitutional, noting that Washington’s constitution has historically treated income as property, which cannot be taxed without uniform rates. Ferguson has said he expects a legal challenge and called that “appropriate,” adding that the state Supreme Court would ultimately decide the issue. He also predicted a political battle with voters, describing it as a case for “the court of public opinion” as opponents seek repeal. Opponents are already outlining their strategy.The House vote came as former Starbucks CEO Howard Schultz disclosed on LinkedIn that he and his wife moved to Miami recently. Schultz did not mention the millionaires tax proposal in his post, but the timing of his announcement came amid the legislative session.JOIN THE CONVERSATION If signed, the new income tax would take effect Jan. 1, 2028, with the first payments due in April 2029.A new study published in the journal Environmental Pollution found traces of pharmaceuticals and illicit drugs in several shark species.1 dead in Renton-area shooting; Major Crimes Unit investigating One person is dead following a shooting on Friday afternoon in the Renton area, the King County Sheriff's Office confirmed.A central Washington physician was sentenced Wednesday to just over a year in federal prison for altering recalled breathing devices and billing Medicaid for th
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