News Summary

• Washington State Democrats last month passed the "millionaires tax," which Democratic Gov.
• Bob Ferguson signed March 30.
• The new tax will impose a 9.9% income tax on households earning more than $1 million each year.
• It's the state's first-ever income tax, celebrated by progressives and socialists and opposed by conservatives.
• Seattle Mayor Katie Wilson is suggesting she might be pursuing additional taxes on the wealthy and big business.
• The city of Seattle has the highest combined state and local sales tax rate, sitting at 10.35%.