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Washington State’s House of Representatives passed a tax on high earners Tuesday, following more than 24 hours of debate. The measure, dubbed the “Millionaires Tax,” would impose a 9.9% tax on income exceeding $1 million annually, beginning in 2029.

The bill passed by a vote of 52-46, with opposition coming from Republican lawmakers and eight Democrats, according to KOMO News. Supporters of the tax argue the revenue – estimated at $4 billion per year by the Washington State Budget and Policy Center – is needed to fund essential services like healthcare and education.

Representative Brianna Thomas of West Seattle, speaking on the House floor, characterized the debate as a significant undertaking. “The House, a lot like me, is not afraid to pick a fight,” she said. “It’s not afraid to throw down as you’ve seen for the last 24 hours of uninterrupted ‘Thunderdome.’”

Representative Lisa Parshley of Olympia stated the tax would address critical needs. “It’s going to help feed our people,” Parshley said. “It’s going to provide behavioral health. It’s going to fill the gaps.”

Opponents voiced concerns that the tax could incentivize wealthy residents and businesses to leave the state, and potentially pave the way for a broader state income tax. Representative Joshua Tenner from Orting argued, “This is not a tax on millionaires. This is a tax on all of us. It’s just a matter of when.”

The tax’s passage comes amid ongoing discussion regarding the state’s tax structure. Washington Governor Bob Ferguson has not publicly commented on the bill’s passage as of Wednesday morning.

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