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Washington leaders: Millionaires tax moving quickly; House to weigh additional tax reductions
Summary
House and Senate leaders told reporters they expect the "millionaires" income‑tax measure to move rapidly through committees, that the House Finance Committee will likely increase targeted tax reductions, and that leaders prefer concurrence over conference if possible.
House Speaker Laura Jones and Senate Majority Leader Jamie Peterson said the proposed income tax on millionaires is moving quickly through the legislative process and that House Finance will consider a version with greater targeted tax reductions.
The leaders framed the measure as part of a compressed final stretch of the session and said they are seeking to balance revenue needs with relief for households and small businesses. Representative Joe Fitzgibbon, the House majority leader, said the House product…
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