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Washington’s ‘millionaires tax’ signed into law, legal fight begins

Fox News · Current
Fox News
Fox News
Current

Gov. Bob Ferguson signed Washington’s first personal income tax on high earners following a marathon legislative debate. Opponents are preparing a legal challenge, arguing the measure is unconstitutional.

Breakdown
  • Governor Ferguson signed the 9.9% tax on income over $1 million into law
  • The law marks Washington's first personal income tax, affecting less than 0.5% of residents 19s
  • Revenue will fund free K-12 meals, tax credits, child care, and small business support 47s
  • Some high earners support the tax as a step toward fairness 1m 8s
  • Opponents plan legal challenges, calling the tax unconstitutional 1m 36s
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