A ballot measure in San Francisco aims to raise taxes on companies with disproportionately high executive compensation. Labor advocates insist that large corporations should pay more into public coffers, while business leaders argue the tax could harm the city’s economy.

In a narrow 27-22 vote, the Washington state Senate voted to tax households earning more than $1 million. Majority Democrats championed this measure, citing the need to address revenue concerns and target top income brackets.

Brazil’s lawmakers have voted to exempt monthly incomes up to 5,000 reais (about US$940) from taxation, aiming to relieve financial pressure on low earners. This shift in fiscal policy could significantly affect the take-home pay of millions of workers across the country.