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Washington Hits Millionaires With 9.9% Income Tax — Now the Rich Are Fighting to Repeal It

Washington State lawmakers passed a 9.9 percent income tax on millionaires. The move broke a long-standing taboo against income taxes in the state. Now opponents want voters to repeal it.

The tax targets high earners to fund public services. Supporters say it addresses inequality and stabilizes state revenue. Critics argue it drives wealthy residents and businesses elsewhere.

A referendum will let voters decide the tax’s fate. The campaign has drawn national attention. Both sides are spending heavily to shape public opinion.

Business groups and wealthy individuals are leading the repeal effort. They call the tax punitive and bad for the economy. They warn it could spread to other states.

Proponents say the tax affects only a tiny fraction of residents. They argue it ensures the wealthy pay their fair share. Revenue would support schools, health care, and infrastructure.

Washington has no traditional income tax. The new law marks a historic shift in state policy. Legal challenges are expected regardless of the vote.

The outcome could influence tax debates nationwide. Other states may watch closely for signals. The vote is set for November.

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