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Washington Enacts 9.9% Tax on Millionaires for Public Services

3/31/2026

26 5 Full Breakdown

Summary

Story summary

Washington Governor Bob Ferguson signed a bill imposing a 9.9% income tax on households earning over $1 million annually to fund schools, healthcare, and public safety starting in 2029.
Supporters say the tax promotes fairness.
Opponents fear it could drive businesses away.
Let’s Go Washington is organizing a repeal referendum.
Citizen Action Defense Fund plans to sue, claiming the tax violates the state constitution.

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Story summary

Washington Governor Bob Ferguson signed a bill imposing a 9.9% income tax on households earning over $1 million annually to fund schools, healthcare, and public safety starting in 2029.
Supporters say the tax promotes fairness.
Opponents fear it could drive businesses away.
Let’s Go Washington is organizing a repeal referendum.
Citizen Action Defense Fund plans to sue, claiming the tax violates the state constitution.