Dear friends and neighbors,

I’m excited to announce that the Millionaires Tax has been introduced for 2026! SB 6346 will help fix the state’s broken tax code, provide sustainable funding for schools and health care, and reduce taxes for working families and small businesses. This is perhaps the most important bill we will consider this year.

Less than one percent of the wealthiest households in the state would pay the Millionaires Tax.  The narrow, targeted proposal would levy a 9.9% tax on income above $1 million.  Households with incomes of $1 million and below would pay nothing.

It’s estimated the Millionaires Tax would generate $3.7 billion annually. That money will fund critical services like public education, health care, higher education, and other essential services Washington families rely on.

Revenue from the Millionaires Tax would also be dedicated to targeted tax cuts. Poor and working people in Washington pay a much larger percentage of their income in taxes than wealthy people.  Households with income in the bottom 20% pay 13.8% of their total income in taxes, while those with income in the top 1% pay only 4.1%. Only Florida has a more regressive tax structure than Washington.

We know this policy is popular. The capital gains tax on the wealthy was upheld by voters in 32 out of 39 counties in 2024, not just here in Seattle, but across the state even in some very Republican areas. And recent polling shows that even Republican voters in our state support raising taxes on the wealthiest few!

I joined legislative leaders to announce the Millionaires Tax and talk about the work we need to do to fix our upside-down tax code and invest in the future of our state

I hope you’ll join me in supporting the Millionaires Tax!

If you agree that we need to ask the wealthy to pay more so we can invest in schools and health care, please sign in ‘Pro’ on the bill before the hearing in the Senate Ways & Means Committee this Friday at 1:30 pm! Your voice matters and we want to have a strong show of support – and it just takes 30 seconds to do.

  • Click here to go to the legislative website
  • Choose ‘Pro’ as your position on the bill
  • Put your contact information in the form (your name will be publicly listed as a supporter, but your email, phone number, and address won’t be)
  • Click ‘Submit Registration’ at the bottom
  • And you’re done!

Thank you so much for taking a moment to support this important bill! I know that working together, we can take a giant step forward by funding public schools, health care, and services that people across the state are counting on by increasing taxes on a few thousand very wealthy people and cutting taxes for millions more.

I had so much fun joining friends from the Mockingbird Society to talk about the important work we need to do to support children, families, and people in need of disability support!

Save the date for our town hall

I want to make sure you have the information for our mid-session townhall so you can get it on your calendars now. I’ll be with Rep. Liz Berry and Rep. Julia Reed to share what we are working on, answer your questions, and hear your input on the issues before the Legislature this session. I hope to see you there!

Saturday, February 21

2:30 – 3:30 pm

Ballard Boys & Girls Club gym

1767 NW 64th St, Seattle, WA 98107

If you can’t attend the town hall, or you have any questions, thoughts, or suggestions about the important legislative work we’re doing this year, you can always reach me at Noel.Frame@leg.wa.gov. Thank you for reading!

 

Sen. Noel Frame