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Washington Democrats Advance $1 Million Income Tax Bill

3/12/2026

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Summary

Story summary

Washington Democrats advanced a historic income tax bill targeting households earning over $1 million with a 9.9% rate.
The measure is projected to generate $3.5 to $4 billion annually.
The bill expands the Working Families Tax Credit and supports child care programs.
The bill will return to the Senate for final approval.
Governor Bob Ferguson supports the measure.

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Story summary

Washington Democrats advanced a historic income tax bill targeting households earning over $1 million with a 9.9% rate.
The measure is projected to generate $3.5 to $4 billion annually.
The bill expands the Working Families Tax Credit and supports child care programs.
The bill will return to the Senate for final approval.
Governor Bob Ferguson supports the measure.