January 20, 2023

KUOW Seattle: WA Democrats Join Nationwide Rollout of ‘Wealth Tax’ Proposals

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Washington state Democrats Sen. Noel Frame and Rep. My-Linh Thai announced legislation Thursday to create a state wealth tax on financial assets in excess of $250 million. They say it could generate an estimated $3 billion per year to fund housing and education, and decrease the tax burden on working-class people.

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