Governor's statement after House passes "Millionaire's Tax"
Wednesday, March 11, 2026
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| Washington state capitol buildings Photo courtesy Experience Olympia |
OLYMPIA — Governor Bob Ferguson offered the following statement regarding the House passage of the Millionaires' Tax:
“The Millionaires’ Tax passed by the House represents historic progress in rebalancing our unfair system. It sends significant dollars back to Washington families and small businesses.
"It expands the Working Families Tax Credit to 460,000 additional households – that’s money straight back into the pockets of working families.
"It saves working parents money and ensures our kids are prepared to learn by funding free breakfast and lunch for all Washington K-12 students, which has been a priority of mine since I ran for governor.
"The Millionaires’ Tax will apply to less than one half of one percent of Washingtonians, but make life more affordable for millions. I look forward to signing it.”
The legislation would impose a 9.9% levy on adjusted gross household income above $1 million a year. It would take effect January 1, 2028, with tax payments due from an estimated 21,000 filers starting in 2029.
The legislation would impose a 9.9% levy on adjusted gross household income above $1 million a year. It would take effect January 1, 2028, with tax payments due from an estimated 21,000 filers starting in 2029.
The House debated the bill in a marathon 24-hour debate and narrowly passed it 52-46.
All 32nd, 46th, and 1st LD legislators voted in favor of the bill.
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10 comments:
Not only did our legislators vote to pass this unconstitutional bill, they also voted to deny the public the right to vote on it, and they rejected Democrat Amy Walen's amendment which would have used this new revenue to lower the sales tax 3/4 of a percent. They say they want to lower the burden on the poor, but those are empty words.
This isn't about fairness. It's about the Legislature's greed and failure to prioritize. They're addicted to overspending to the point that they chose to crumple up the state Constitution and throw it in the trash.
Florida going to be crowded.
Good
I agree we need to reduce spending, I would like to see a state income tax so that we can pay for what we need in an equitable fashion. And to those higher earners that want to leave, the state, good riddance.
My hunch is that the tax won’t generate as much income as expected, because super earners will find tax loopholes. They always do.
You will miss us, and more importantly our $$$, when we are gone.
If you want to live under California's system with high income, property, and sales taxes, you're welcome to go there. You're might even get a deal on a place to live with all the businesses and high earning individuals who are fleeing east.
Yamaha just left California. Starbucks looks poised to eventually leave Washington. Who's going to pay for all those government union jobs when the private business climate here withers?
Initiative time!!!
Those having to pay 9.9% over their 1 million a year income: we do not care about you either. Good riddens. You will not be missed and are beyond arrogant to think we will.
It’s riddance. And you may not care about us, but you’ll miss the money we spend in state and the cash we give to the charities we support when we’re gone. Your complacency is foolish.
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