Washington Senate proposes $80 billion budget boosting taxes on the rich, funding education, healthcare.

The Washington Senate has proposed a $80 billion budget plan for 2025-2027, featuring higher taxes on the wealthy and corporations, plus increased spending on education, healthcare, and state employee wages. Key tax proposals include a financial asset tax for individuals with over $50 million and a payroll tax hike for large employers. The plan also cuts the state sales tax to aid lower-income households. Meanwhile, the House Democrats aim to maintain current funding levels for essential services like food and health, with a focus on supporting vulnerable groups. Both plans aim to address budget gaps and inflationary pressures.