Summary
Washington state's House has approved a tax increase for individuals earning more than $1 million a year, known as the "millionaire's tax." The proposed tax aims to provide more funds to working families and small businesses, and now awaits a Senate vote.
Key Facts
- The "millionaire's tax" applies to those making over $1 million annually.
- The measure passed the Washington House with a 51-46 vote.
- Eight Democrats joined Republicans in opposing the tax.
- Governor Bob Ferguson supports the tax, stating it will aid working families.
- The tax will fund free meals for all K-12 students in Washington.
- The tax proposal now moves to the Senate for consideration.
