Ferguson criticizes Democrats 12B tax plan as too risky

Washington Governor Bob Ferguson has raised alarms over a proposed $12 billion tax package from Democratic lawmakers, describing it as "too risky" in light of the current economic climate. He warned that the state must be financially equipped to handle potential cuts and damaging policies from the Trump Administration. Ferguson has not identified specific tax measures he opposes, but he advocates for a balanced approach that includes both progressive revenue and spending cuts. His comments come at a crucial time as lawmakers work to address a projected $16 billion budget shortfall over the next four years. House Majority Leader Joe Fitzgibbon noted that the absence of clear guidance from Ferguson could hinder legislative progress.

Democrats have already reduced their tax goals, moving away from a more ambitious plan that could have raised $21 billion. The stakes are high as the regular session approaches its end on April 27, and a special session could complicate matters further. As discussions continue, the balance between fiscal responsibility and progressive taxation remains a contentious issue in the state.