Washington State Dems Introduce Millionaire’s Tax, GOP Warns of Risks
3rd February 2026
Democrat lawmakers in Washington state unveiled legislation Tuesday that would impose a new tax on residents earning more than $1 million annually, Politico reported.
The move advances a proposal supporters say would fund key services, while opponents warn it could worsen economic challenges and fail to address the state’s immediate budget shortfall.
The proposal would levy a tax of nearly 10% on income exceeding $1 million, marking the latest attempt by Washington Democrats to implement an income tax in one of the few states that does not currently impose one.
Party leaders say public support and shifting political dynamics have strengthened the bill’s chances of passage.