HB 2100 sponsored by Rep. Shaun Scott wants to impose a 5% excise tax for salaries higher than $125,000. Supporters say the payroll tax is to get large and wealthy companies to pay the tax on those salaries. It would generate new revenue for state services and social programs. Supporters advocated for the measure this week in the house finance committee. Opponents say it will drive high paying jobs out of state and businesses that do stay will be forced to raise prices for groceries, products an
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🚨Gov. Bob Ferguson on why he supports a millionaires' tax in Washington State Gov. Ferguson criticizes the state's current tax system— reliant on consumption and property taxes—as overly regressive because the wealthy pay a smaller percentage of their income in taxes compared to 99% of the population. The proposed "millionaires' tax" which originated from State Senate Majority Leader Jamie Pedersen (D-Seattle) earlier in 2025 to address budget shortfalls, aims to generate revenue that would be
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