Description
The Millionaires Tax has likely survived its first challenge, but a court date awaits.
I-645 appears to have failed, based on early returns, after a lengthy legislative process and expensive attempt to overturn it.
“I see this as a giant green light for us to do the work of making our tax code fair,” said State Senator Jamie Pedersen (D) of Seattle, after the first results.
I-645 would have unwound the 9.9% income tax on those making over a million dollars a year, beginning in 2028. Opponents spent nearly $13 million dollars on the "NO" campaign and millions more on State Supreme Court races, with five of nine seats on the ballot.
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For more on the story: https://komonews.com/news/local/millionaires-tax-now-goes-to-the-courts-after-i-645-failure-taxes-taxpayer-economy-business-income-washington-ferguson-election-ballot-vote
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