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Washington Senate Republicans urge Gov. Bob Ferguson to call special session to suspend climate fuel
2+ mon, 5+ day ago (324+ words) Washington Senate Republicans are urging Governor Bob Ferguson to call a special legislative session to temporarily suspend Washington's climate-related fuel policies, arguing the move would provide immediate relief for drivers facing some of the nation's highest gasoline prices as renewed…...
Entrepreneurs continue exodus as Washington state’s new income tax looms
3+ mon, 4+ week ago (769+ words) (The Center Square) - “Everybody is Washington AI startup entrepreneur Jesse Proudman said in a Thursday interview with The Center Square that he's had enough, and he's not alone. The Venice.ai founder and CTO said he’s looking at potentially Texas,…...
Washington business owners fear socialist ‘millionaires tax’ is driving businesses out — and they’re next
5+ mon, 1+ week ago (1607+ words) Washington shop owners, talk show radio host Arri Hoffman and a local democratic socialist, Rep. Shaun Scott, discuss the impact of the state’s new "millionaires tax" and how socialist economic policy is impacting local business. SEATTLE—Business owners in Washington…...
Washington’s millionaire tax targets the rich with hefty 9.9% hit — but an obscure 1933 Supreme Court ruling could blow the whole thing up
5+ mon, 1+ week ago (665+ words) The state of Washington is steadily progressing toward a millionaire tax after Democratic Governor Bob Ferguson signed Senate Bill 6346 (1) on March 30. The new bill will impose a 9.9% tax on households with an income of over $1 million per year. The law…...
Will Washington's Millionaires' Tax Drive The Rich Out Of The State?
5+ mon, 1+ week ago (450+ words) Washington state made history earlier this week when Gov. Bob Ferguson signed Senate Bill 6346, the Millionaires’ Tax, into law. The bill taxes individual income exceeding $1 million a year. Less than half of one percent of Washingtonians will pay it. In…...
The Rise of Socialism: Washington business owners slam new ‘millionaires tax’ | Fox News Video
5+ mon, 1+ week ago (107+ words) The Rise of Socialism: Washington business owners slam new ‘millionaires tax’ Fox News The Rise of Socialism: Washington business owners slam new ‘millionaires tax’ Washington shop owners, talk show radio host Arri Hoffman and a local democratic socialist, Rep. Shaun…...
Washington becomes latest state to tax millionaires, sparking legal fight
5+ mon, 1+ week ago (39+ words) Washington is one of several Democrat-led states moving to tax high earners. Massachusetts voters passed a 4% surtax on income over $1 million in 2022, which has since collected $6 billion for education and transportation, according to the…...
Washington state’s ‘historic’ millionaire tax takes aim at super-rich – will it succeed?
5+ mon, 1+ week ago (684+ words) As living costs rise, the state where Gates and Bezos made billions is targeting top earners – could other states follow? Noel Frame knows exactly how difficult it is to raise taxes on the ultra-wealthy, because she has been trying to…...
Historic Millionaires’ Tax in Washington Will Make State’s Tax Code Fairer, Raise Critical Revenue
5+ mon, 2+ week ago (224+ words) News Release • ITEP Staff Washington’s tax structure has been woefully unequal, ranking as the second most regressive state and local tax system in the country. While lawmakers made progress in recent years by creating and later enhancing their Capital Gains…...
How Washington's new income tax could perpetuate the state's housing unaffordability
5+ mon, 3+ week ago (520+ words) (The Center Square) - Real estate and building industry members warn that the income tax on people earning more than $1 million that passed the legislature this session could undermine the housing market in more ways than one. “I don’t want to…...