Ferguson says he'll sign revised WA 'millionaires' tax' after affordability amendment

Governor Bob Ferguson said he will sign a revised version of Washington’s proposed “Millionaires’ Tax” after lawmakers added an amendment aimed at sending more of the revenue back to families and small businesses.

The striking amendment, proposed by Democrat Representative April Berg, expands eligibility for the Working Families Tax Credit, which currently reaches 460,000 additional households, providing qualifying families with checks ranging from $300 to $1,300, and reduces taxes on small business owners.

Ferguson said this amendment is part of a broader effort to make life more affordable for Washingtonians and addresses affordability issues, including funding for free school meals and additional sales tax exemptions.

Ferguson had previously said he would only support the tax if a significant portion of the revenue was returned to residents.

https://mynorthwest.com/mynorthwest-politics/ferguson-millionaires-tax/4212065