Washington Income Tax Proposal Gains Support from Gov. Ferguson

A proposed 9.9 percent tax on income above $1 million is gaining momentum in Olympia after Gov. Bob Ferguson said he will sign a revised version of Senate Bill 6346 if it reaches his desk. The latest amendment expands eligibility for the Working Families Tax Credit and exempts over the counter medicines from sales tax while directing a portion of new revenue to child care and early education programs. Lawmakers face a March 12 deadline as debate continues over Washington’s tax structure, economic impacts and whether the proposal could reshape the state’s revenue system. Read the full story at https://www.clarkcountytoday.com/news/passage-of-income-tax-bill-more-likely-as-gov-ferguson-now-says-he-will-sign-it/. #WashingtonPolitics #BobFerguson #IncomeTax #SB6346 #WashingtonState #WorkingFamiliesTaxCredit #TheCenterSquare #PolicyDebate