Senate Bill 6346 would create a 9.9% income tax for households that make more than $1 million per year.
OLYMPIA, Wash. — State lawmakers heard testimony Friday in a public hearing on legislation that would impose an income tax on Washington’s wealthiest residents, generating an estimated $3.7 billion annually in revenue.
The proposal, introduced Tuesday by Democratic legislators, would establish a 9.9% income tax on households earning more than $1 million per year. The hearing before the Senate Ways and Means Committee resulted in a room full of people, with supporters and opponents eager to testify on Senate Bill 6346.
Proponents framed the measure
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