Seattle Lawmaker Says Wealthy People Won't Leave Due to New Tax

A Seattle lawmaker says a new tax on millionaires won't cause wealthy people to leave.
State Sen. Jamie Pedersen said the millionaire tax won't make businesses leave.
Pedersen says there's no evidence the tax will drive top earners to other states.
Pedersen mentioned other taxes that might affect businesses, but not the millionaire's tax.
Starbucks cut jobs in Seattle as its former CEO criticized the city's mayor.
The architect of the millionaire's tax said wealthy people won't leave the state.
The new tax is a big change for a state with no personal income tax.
The tax won't start until 2028, and payments are due in 2029.
Despite optimism, businesses are already showing signs of strain.
Gov. Abbott is helping New York billionaires who want to leave.
State Sen. Jamie Pedersen dismissed the idea of wealthy people leaving.
Some businesses closed due to the state's sales tax on services.
There's a century-old law that says income is property and must be taxed uniformly.
Pedersen wants to change this old law.
Pedersen wants the court to reconsider the old case law.
There are different ways to show the wealthy pay more than their fair share.
The Washington Post criticized Seattle's socialist mayor.
The tax debate is happening as Seattle's leadership faces scrutiny.
The Washington Post criticized Mayor Katie Wilson for being arrogant.
In 2025, the legislature increased the state's estate tax.
Sen. Pedersen's office didn't respond to a request for comment.
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Joshua Q. Nelson is a reporter for Fox News Digital.
Joshua covers cultural trends, education, and public policy.
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