Gov. Ferguson wants to see ‘big changes’ to ‘Millionaire’s Tax’ bill proposal, sales tax

Washington state Senate approves wealth tax: Here's what to know

CNBC's Robert Frank joins 'Squawk Box' with the latest news.

Gov. Ferguson wants to see ‘big changes’ to ‘Millionaire’s Tax’ bill proposal, sales tax

Washington Governor Bob Ferguson says in order for him to support the proposed Millionaire’s Tax, big changes are needed to the sales tax and small business tax structure.

Letter: Proposed millionaires tax can address unfairness

Thank you, Gov. Bob Ferguson for the courage to follow through on proposing legislation for a millionaires tax. A 9.9 percent income tax for every $1 over $1 million.

Local leaders, developers express concerns over ‘Millionaire’s Tax’

EVERETT, FEB. 19: Local business and economic leaders released statements expressing disapproval of Senate Bill 6346, which could establish a new state income tax on annual income over $1 million. SB 6346 passed the Washington Senate on Monday and would impose a 9.9% personal income tax on income above $1 million beginning in 2028, with first tax filings expected in 2029 if the bill becomes law. The proposal now heads to the House of Representat…

State Senate passes legislation to tax households earning more than $1million

Senate Majority Leader Jamie Pedersen, D-Seattle, makes remarks on Feb. 16, 2026, during the floor debate over legislation he sponsored to tax personal income over $1 million a year. Photo by Bill Lucia/Washington State StandardThe bill will next go to the House, as Gov. Bob Ferguson is indicating he’d like to see more changes.By Jerry CornfieldWashington State Standard Washington state moved one step closer Monday to creating a personal income …

Senate shenanigans – Income tax debate, double-standards

Elizabeth New writes that Senate Bill 6346 would impose a 9.9% tax on income above $1 million and is likely headed for a legal challenge if approved by the House.