Ferguson Defends Millionaires Tax | Seattle News

Governor Bob Ferguson is locked in a high-stakes battle to defend a new “millionaires tax” set to launch in 2029, which could raise $3 billion annually to fund schools, childcare, and small businesses. Opponents, including education advocates and unions, argue repealing it via Initiative 645 could create a $13 billion deficit and threaten vital programs like universal school lunches. Supporters like hedge fund manager Brian Heywood accuse pro-tax politicians of avoiding accountability, while real estate professionals report families considering relocation. Ferguson vows to veto any expansion of the tax to lower earners and plans to push a tax-free budget, but his leadership on this issue is being tested as voters weigh whether to invest in public services or reward the wealthy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6f78c6dc580311b5