Washington's Millionaire Tax Faces Repeal Push | Spokane News

Spokane News Today | 2 Min | The Daily News Now! · Jul 3, 2026 · 1m

Washington’s new millionaire income tax is facing a massive repeal push after Let’s Go Washington collected over half a million signatures—far exceeding the threshold to put the measure on the November ballot. The tax, set to begin in 2028, sparked backlash from high earners and their allies, who’ve labeled its architect, hedge fund manager Brian Heywood, a “greedy mogul.” Opponents warn repealing the tax could slash funding for schools, housing, healthcare, and small business support. But supporters argue the tax revenue isn’t reliably earmarked for those areas and that the repeal initiative…