Both the House and Senate passed the “millionaires tax” bill imposing a 9.9% tax on high earners, stirring debate on future tax reform in Washington.
OLYMPIA, Wash. — The income tax bill dubbed the “millionaires tax” is heading to Gov. Bob Ferguson’s desk after receiving Senate confirmation on Wednesday.
The bill survived a last-minute challenge in the Senate Wednesday evening. Republicans filed a motion challenging the scope of the legislation, described to KING 5 by Senate Majority Leader Jamie Pedersen, D-Seattle, as a “Hail Mary.” The Senate proceeded to debate before confirmation Wednesday evening.
Gov. Bob Ferguson announced Friday that he would sign the
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