On this episode of Legislative Review:
Health Insurance Tax Proposal (HB 2626) – Sponsored by Lisa Parshley, the bill would raise premium taxes on certain health insurers and remove a dental tax exemption to help stabilize Medicaid amid federal cuts. Supporters say it creates a funding backstop; insurers warn costs could be passed on to employers and patients.
The “Millionaire’s Tax” (SB 6346 / HB 2724) – Led by Jamie Pedersen and Joe Fitzgibbon, Democrats propose a 9.9% tax on income above $1 million, projected to raise billions for education, health care, and public defense — while offsetting other taxes.
Republicans, including John Braun and Drew Stokesbary, argue it would hurt affordability and small businesses.
Governor Bob Ferguson says he supports rebalancing the tax code but wants broader tax relief for working families and small businesses.