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Millionaire tax no more? Rightwing groups lead effort to repeal Washington state law
An initiative on November’s ballot aims to overturn the 9.9% tax on earnings above $1m – who’s winning the fight?
AI Summary
Washington voters will decide in November whether to repeal the state’s “millionaire tax,” a 9.9% income levy on earnings above $1 million that was signed into law in March. The repeal effort is being led by conservative groups seeking to overturn the tax. The initiative appears on the upcoming ballot, putting the tax’s future directly in the hands of Washington’s electorate.
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