OLYMPIA – A bill currently before the Washington State Senate would levy a special wealth tax on financial assets with an assessed value of more than $250 million.
“We have an upside-down tax code that’s deeply in need of reform, and we continue to have massive needs for investments in education, housing, services for those with disabilities, and so much more,” said Senator Noel Frame, sponsor of Senate Bill 5486.
South King County will likely advance at least one of these two Democrats, both of whom appear to be running competent campaigns in a seat the WA GOP hopes to flip.