Search is on in Washington Legislature for new tax options
How much Washington should raise in new tax revenue and who will pay is something state lawmakers and Gov. Bob Ferguson will hash out in the final weeks of the legislative session.
Washington’s wealthiest individuals, largest corporations and biggest banks are prime targets. Homeowners, vapers and self-storage unit renters are among those who could share in the burden. Possible tweaks to expand the state’s capital gains tax could also be in play.
“There will be a tax increase,” House Speaker Laurie Jinkins, D-Tacoma, said Wednesday. “It’s figuring out the right kind of balance and making sure we’re able to not harm everyday Washingtonians.”
A day earlier, Ferguson threw cold water on House and Senate Democrats’ desire to tax those with more than $50 million. He said the tax is “untested, difficult to implement, and most importantly, for purposes of adopting a sustainable budget, will face an immediate challenge in court.”
https://washingtonstatestandard.com/2025/04/04/search-is-on-in-washington-legislature-for-new-tax-options/