The Washington State House Finance Committee made revisions to a proposed income tax after a group of progressive lawmakers said the previous version gave away too much while not doing enough for working families.

“The Washington State House Finance Committee made revisions to a proposed income tax after a group of progressive lawmakers said the previous version gave away too much while not doing enough for working families.

“A tax break that would have benefited big businesses has been removed from the latest version of a bill to tax incomes more than $1 million is being advanced by Democratic leaders. A group of 13 progressive lawmakers in the House pushed for those provisions to be stripped.”

  • IamSparticles@lemmy.zipEnglish
    1·
    1 day ago

    The voters approved a bracketed state income tax back in the day, but a lawsuit from it basically said “income is property.”

    The state supreme court overturned that ruling in 2023, though. Income is now considered a transaction of property, so an income tax is no longer a tax on the property itself, but the transaction thereof.