By Frank Lenzi
Publication Date: 2025-12-03 00:51:00
A new tax proposal targets Washington’s largest corporations, such as Amazon and Microsoft.
The Well Washington Fund would generate approximately $3 billion a year for things like higher education and healthcare, using a payroll tax on wages over $125,000 at the biggest 1% of Washington companies, according to Democratic State Representative Shaun Scott.
Scott said this is needed to offset the effects of the so-called “Big Beautiful Act,” also known as “H.R. 1,” passed earlier this year by Congress and backed by President Trump.
“H.R. 1 is not a budget — it’s a billionaire bailout paid for by working people,” Scott said. “It hands permanent tax cuts to the ultra-rich while forcing states like Washington to absorb deep federal funding losses. My bill ensures that Washington doesn’t balance its books on the backs of working families.”
“There may be no kings in Washington state, but we most certainly do have elites,” Scott said on…
