Economy

Millionaire tax no more? Rightwing groups lead effort to repeal Washington state law

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 07/10/2026, 11:05:24 UTC.

Briefings

A Washington state initiative on November 2026 ballot seeks to repeal a 9.9% income tax on earnings above $1 million, signed into law in March 2025. A coalition of advocacy groups and unions opposes the measure, arguing it would tax the state's 20,000 highest-earning households and raise approximately $3.5 billion annually to fund education and healthcare. Voters will decide the fate of this tax in November 2026.

Key points

• A 9.9% income tax on earnings above $1 million was signed into law in March 2025.
• A coalition of advocacy groups and unions opposes the initiative, claiming it would raise approximately $3.5 billion annually to fund education and healthcare.

Context and limitations

Evidence covers only the November 2026 ballot initiative and the initial coalition arguments; specific voter turnout data, final vote counts, and long-term economic impacts remain unknown.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 07/10/2026, 11:36:30 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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