Transcript: Democrats’ Ambitious, Controversial New Tax Proposals

Tamara Ceaikovski

This is a lightly edited transcript of the April 1 edition of Right Now With Perry Bacon. You can watch the video here or by following this show on YouTube or Substack . Bharat Ramamurti: Thank you for having me. Bacon: So I want to start with Washington State this week. The governor signed a 9.9% tax on income over $1 million a year. Washington had no income tax before, but you’re seeing a lot of these taxes on the wealthy happening at the state level. New York is considering one.

Transcript: Democrats’ Ambitious, Controversial New Tax Proposals https://newrepublic.com/ - 02.04.2026 15:00

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Transcript: Democrats’ Ambitious, Controversial New Tax Proposals https://newrepublic.com/ - 02.04.2026 15:00