A new tax proposal targets Washington’s largest corporations, such as Amazon and Microsoft.

The Well Washington Fund would generate approximately $3 billion a year for things like higher education and healthcare, using a payroll tax on wages over $125,000 at the biggest 1% of Washington companies, according to Democratic State Representative Shaun Scott.

Scott said this is needed to offset the effects of the so-called “Big Beautiful Act,” also known as “H.R. 1,” passed earlier this year by Congress and backed by President Trump.

“H.R. 1 is not a budget — it’s a billionaire bailout paid for by working people,” Scott said. “It hands permanent tax cuts to the ultra-rich while forcing states like Washington to absorb deep federal funding losses. My bill ensures that Washington doesn’t balan

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