>> Seattle's wealthiest residents can now become the first and only modern day residents of Washington state to pay a personal income tax. The city council unanimously passing a pioneering income tax of 2.25% for those making over $250K a year and married couples earning twice that. The measure, expected to be signed Friday by Seattle Major Ed Murray, would become the first income tax passed within the state since the Great Depression.
It's expected to bring in roughly $140 million in additional revenue and could possibly be used for transit services and affordable housing. Proponents say that's needed to offset a potential drop in federal funding under the Trump administration. It would effect fewer than 20,000 of the cities more than 600,000 residents.
But the tax is expected to face a swift legal challenge from conservatives, who says it violates the state law prohibiting tax on net income. Washington state is one of seven states in the US currently without a personal income tax.