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 up before it’s too late. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e3ec66f2c17623af