Washington Senate Democrats are proposing new taxes on the wealthy to combat a projected $13 billion budget deficit.
OLYMPIA, Wash. — Washington Senate Democrats released its proposal Thursday for the state’s biennium budget, including new taxes on the state’s wealthiest residents to address a projected $13 billion budget deficit over the next four years.
This is the first detailed look at lawmakers’ plans, and more are certain to follow. Each caucus in each chamber is expected to submit its budget proposal. The official deadline is Monday.
State Democrats said they prefer a budget that recoups revenue through new taxes instead of making deep cuts
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