Washington State House Approves Income Tax Targeting Millionaires

In Brief

The Washington State House has approved a proposed income tax on millionaires, sending the bill to the Senate.

Key Facts

• The Washington State House approved a bill for an income tax on millionaires.
• The House vote followed a 24-hour debate on the measure.
• The bill will now proceed to the state Senate for confirmation.

What Happened

The Washington State House passed a bill proposing an income tax on millionaires after a 24-hour debate. The legislation now moves to the state Senate.

Why It Matters

If enacted, the measure would introduce an income tax on high earners in Washington, a state known for not having a personal income tax. The proposal is part of broader discussions about taxing wealthy residents. Based on a single source report

What's Next

The state Senate will consider the bill. Further debate and potential amendments are expected before any final decision.