Millionaire tax no more? Rightwing groups lead effort to repeal Washington state law

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: The Guardian
Millionaire tax no more? Rightwing groups lead effort to repeal Washington state lawWorldPing
Image via The Guardian.

What happened

An initiative on November’s ballot aims to overturn the 9.9% tax on earnings above $1m – who’s winning the fight?

Voters in Washington state will soon decide the fate of the state’s so-called “ millionaire tax ” – a 9.

Key facts

  • An initiative on November’s ballot aims to overturn the 9.9% tax on earnings above $1m – who’s winning the fight?
  • Voters in Washington state will soon decide the fate of the state’s so-called “ millionaire tax ” – a 9.
  • Reported by The Guardian and published Wed, 07 Oct 2026 11:00:09 UTC.

Why it matters

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What to watch next

  • Revisions to the initial figures once fuller data is released
  • How rate expectations and index futures respond
  • Guidance or commentary from the companies and policymakers involved

Sources

The original report was published by The Guardian. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at The Guardian

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