WA State New Illegal Millionaire Tax will CRUSH Job Growth and Business episode artwork

EPISODE · Feb 7, 2026 · 17 MIN

WA State New Illegal Millionaire Tax will CRUSH Job Growth and Business

from News For Reasonable People · host Sean Reynolds

Washington state Democrats want to slap a 9.9% income tax on millionaires, and they swear—pinky promise—it won't trickle down to everyone else. Where have we heard that before? This breakdown exposes the proposed Senate Bill 6346 that Republicans say violates the state constitution and contradicts a 2024 voter initiative prohibiting income tax. The kicker? It hits married couples earning $500K each combined, and as usual, the threshold will inevitably drop. Meanwhile, tech companies are hemorrhaging thousands of jobs, wealthy residents are eyeing Florida real estate, and working families will ultimately foot the bill when high earners flee. Democrats claim it's about "rebalancing" the tax code while Republicans warn it's the slippery slope voters have rejected 11-13 times before. Washington already leads the nation in gas prices, housing costs, and regulatory burdens—what could possibly go wrong with adding one of the highest income tax rates in America? Is this the final straw that turns Washington into the next California exodus story? Will voters wake up before the threshold drops to $50K? Drop your thoughts below, smash that like button, and subscribe for more government accountability content!

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WA State New Illegal Millionaire Tax will CRUSH Job Growth and Business

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