Washington Millionaires Tax Heads to Ballot | Seattle News

Washington voters will decide this November whether to repeal the state’s new “millionaires tax,” which targets incomes over $1 million at a 9.9% rate and is projected to raise $3 billion annually. Initiative 645, backed by supporters who argue it unfairly burdens families and small businesses, has qualified for the ballot after collecting over 500,000 valid signatures — far exceeding the 310,000 needed. While opponents claim the tax won’t affect lower earners and point to the governor’s veto pledge and inflation adjustments, a legal challenge looms. The outcome could reshape Washington’s tax policy for years to come. 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/7d939845fa920108