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Ferguson Defends Millionaires Tax | Seattle News
Governor Bob Ferguson is locked in a high-stakes battle to defend a new “millionaires tax” set to launch in 2029, which could raise $3 billion annually to fund schools, childcare, and small businesses. Opponents, including education advocates and unions, argue repealing it via Initiative 645 could create a $13 billion deficit and threaten vital programs like universal school lunches. Supporters like hedge fund manager Brian Heywood accuse pro-tax politicians of avoiding accountability, while real estate professionals report families considering relocation. Ferguson vows to veto any expansion…
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