Seattle mayor laughs off millionaires' threats to leave over progressive taxes

8 articles · Updated · Fox News · Apr 30

At an April 14 Seattle University event, Katie Wilson said claims wealthy residents would quit Washington were "super overblown" and waved "bye" to those who did.
Wilson said Seattle faces a large structural budget deficit and is exploring progressive tax options that avoid raising employers' costs while reviewing programmes that are not working.
Elected in November 2025, Wilson backs new revenue despite concerns over Seattle's business climate, as the city already has a 10.35% combined sales tax and Starbucks plans 2,000 jobs in Nashville.

Could Seattle's new millionaire tax backfire, driving away wealth and businesses despite research suggesting minimal millionaire flight?

With Seattle's budget deficit and high sales tax, will progressive taxes truly solve funding gaps or risk further economic stagnation?