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Seattle affordable housing goal slips despite millionaire tax

Seattle’s local version of Washington state’s proposed tax on millionaires targets businesses with millionaire employees, but the plan to use the revenue to expand affordable housing is faltering.

Published Apr 17, 2026, 4:06 PM EDT | WFMZZ

Seattle’s version of Washington state’s planned tax on millionaires is aimed at businesses that employ millionaires. City leaders had planned to use the revenue to expand affordable housing, but achieving that objective is becoming elusive.