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Seattle angel investor Charles Fitzgerald criticizes Washington Gov. Bob Ferguson's new Economic Development Council as backward-looking, lacking startup and VC representation, and ignoring AI. He argues the council's composition and focus overlook critical drivers of future economic growth and fail to address the state's deteriorating business climate.
Washington Governor Bob Ferguson has announced he will sign the revised 'millionaires tax' bill, Senate Bill 6346, despite intense debate within the state's tech and business communities. The legislation, imposing a 9.9% tax on incomes over $1 million starting in 2028, aims to rebalance the state's tax system and fund key affordability initiatives.
