Washington Governor Jay Inslee proposes a 1% wealth tax on the ultra-wealthy to protect state budget.

Washington Governor Jay Inslee delivered his final State of the State address, emphasizing the state's progressive achievements and urging lawmakers to protect these gains. He proposed a 1% wealth tax on individuals with over $100 million in assets to prevent budget cuts, estimating it could generate $10.3 billion over four years. Inslee also vowed to uphold state policies against potential federal rollbacks, highlighting his tenure's focus on climate change, social justice, and equity.

2 months ago
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