Ferguson criticizes Democrats 12B tax plan as too risky

Governor Bob Ferguson has voiced significant concerns regarding a proposed $12 billion tax package from Democratic lawmakers, deeming it “too risky” in light of ongoing economic uncertainties and potential federal funding cuts. He stressed that Washington must be in a strong financial position to withstand adverse economic policies from the Trump Administration. While Ferguson refrained from detailing specific tax proposals he opposes, his vague stance could complicate ongoing negotiations to address a projected $16 billion budget shortfall. House Majority Leader Joe Fitzgibbon indicated that the governor has shown interest in some tax options but remains hesitant about the overall revenue target. Ferguson reiterated his desire for a balanced approach that combines progressive revenue with necessary spending reductions, a sentiment echoed by House Speaker Laurie Jinkins.

The urgency of the situation is heightened as the regular legislative session approaches its end on April 27, with potential overtime looming. Republican senators welcomed Ferguson's critique, advocating for a budget that avoids tax increases entirely. As Democrats propose a variety of tax hikes, including on big businesses and capital gains, the pressure mounts to find common ground before the session concludes.