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December 18, 2024

Outgoing governor Jay Inslee wants wealth tax, more taxes on business

  • The budget proposal includes increased taxes on about 20,000 service sector businesses.
    • By GENE JOHNSON
    Associated Press

    SEATTLE — Outgoing Washington Gov. Jay Inslee is proposing a tax on personal wealth above $100 million in hopes of plugging a budget shortfall and averting cuts to education, mental health services and police.

    The tax would apply to about 3,400 residents — Microsoft founder Bill Gates among them — and bring in $10.3 billion over four years, Inslee, a Democrat, said Monday.


     
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