Washington voters decided to keep their state’s millionaire tax on Tuesday.
Fifty-eight percent of Washingtonians voted against Initiative 645, an effort to repeal the state’s millionaire tax led by right-wing donors and PACs like Let’s Go Washington. The PAC, headed by conservative hedge fund executive Brian Heywood, was the most active group in the $13.1 million failed effort to overturn the 9.9 percent tax on income over $1 million a year.
“I can’t tell you how many people have left the state,” Heywood told The Guardian in October. “My business partner moved to Arizona. I probably know 50 people that are deca- or centi-millionaires that have left the state.”
The millionaire tax, which was signed into law in March, uses the funding to expand eligibility for the Working Families Tax Credit, allowing 460,000 more households a cash rebate of up to $1,330.
Hence then, the article about washington state votes to keep making millionaires pay their share was published today ( ) and is available on The New Republic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Washington State Votes to Keep Making Millionaires Pay Their Share )
Also on site :
- ‘Sister Brother Manhole Cover’ Wins Grand Prix At Tokyo International Film Festival
- AEK Athens vs Real Madrid: Referee, Venue, Kick-Off Time and TV Coverage
- 1967 Rock Hit, Covered by David Bowie Before Its Release, Is Still an All-Time Classic Rock Anthem 59 Years Later