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Washington Senate Approves 9.9% Tax on Millionaires

2/18/2026

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Story summary
  • Washington state advances a personal income tax on households earning over $1 million after a 27-22 vote in the Washington Senate.
  • The 9.9% tax would raise about $3.4 billion annually to fund public defense, working-family tax credits, and small-business tax breaks.
  • Governor Bob Ferguson supports direct tax relief for lower-income residents, while Democrats back the measure and the House will weigh it before March 12.