Latest / Spokane News Today | 2 Min | The Daily News Now!
Washington’s Tax Move Sparks Exodus | Spokane News
Washington’s startup legacy is in jeopardy as lawmakers impose a new 9.9% income tax on millionaires without public approval, triggering a mass exodus of businesses and executives. Starbucks CEO Howard Schultz moved to Florida, and the company plans to shift its HQ to Nashville — a state actively wooing businesses with lower taxes. Nearly half of business leaders are now eyeing a move, questioning why they’d stay when other states reward innovation and keep more of their earnings. Critics warn this self-inflicted tax spree could unravel Washington’s economic foundation — unless lawmakers wake…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.