Many remain skeptical of WA House’s revised income tax bill

(The Center Square) – Washington Gov. Bob Ferguson may be satisfied with the House of Representatives’ latest version of an income tax bill – so much so that he said he will sign it if it passes the Legislature – but plenty of others remain skeptical.

In the wee hours of Friday morning, majority party Democrats in the House released an overhauled version of Senate Bill 6346 to impose a 9.9% tax on Washington adjusted gross income exceeding $1 million. The latest version of SB 6346, dubbed the “millionaire’s tax,” puts more money into early learning programs, expands financial aid for low-income households and broadens sales tax exemptions for essential goods.

Supporters claim the income tax would help fix a regressive tax system and fund essential services.

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