Boeing Faces Washington’s 9.9% Millionaires Tax and Artemis Delays
Washington will levy a new 9.9% tax on income above $1 million starting March 9, potentially raising costs for Boeing’s over-million-dollar earners as Washington seeks to cover a projected $10-12 billion budget shortfall. NASA has delayed Artemis lunar missions to no earlier than September 2026, postponing Boeing’s SLS core stage delivery.
1. Washington Implements Millionaires Income Tax
Washington state legislators approved a 9.9% income tax on annual earnings above $1 million with a 52–46 vote, ending a 93-year ban and targeting a projected $10–12 billion budget shortfall. Boeing’s executives and top engineers in-state will face higher tax burdens starting March 9, potentially increasing compensation costs and affecting recruitment.
2. NASA Delays Artemis Missions Affect Boeing’s SLS Core Delivery
NASA has postponed key Artemis lunar missions to no earlier than September 2026, pushing back delivery of the Space Launch System core stage manufactured by Boeing. The schedule revision extends development timelines for Boeing’s space division and may influence program costs, workforce allocation and cash flow for the Huntsville operations.