Seattle Mayor Katie Wilson said concerns about wealthy residents and businesses leaving Washington over rising taxes are "overblown" during an interview on Wednesday.
"So today, do you still feel the narrative of the rich leaving is still overblown," FOX 13 Seattle co-anchor Hana Kim asked Wilson.
"So, I still think that claims of a large exodus of rich people due to our statewide millionaire tax that the legislature passed this year are overblown," Wilson responded with a chuckle. "I do believe that."
Seattle Mayor Laughs Off Millionaires Leaving Washington State Over Progressive Taxes, Waves 'Bye'
In March, Washington state Democrats passed the millionaire's tax, a 9.9% income tax for households that make over $1 million a year, which Democratic Gov. Bob Ferguson signed on March 30. It's the state's first-ever income tax, pushed by progressives and opposed by conservatives.
"So today, do you still feel the narrative of the rich leaving is still overblown," FOX 13 Seattle co-anchor Hana Kim asked Wilson.
"So, I still think that claims of a large exodus of rich people due to our statewide millionaire tax that the legislature passed this year are overblown," Wilson responded with a chuckle. "I do believe that."
Seattle Mayor Laughs Off Millionaires Leaving Washington State Over Progressive Taxes, Waves 'Bye'
In March, Washington state Democrats passed the millionaire's tax, a 9.9% income tax for households that make over $1 million a year, which Democratic Gov. Bob Ferguson signed on March 30. It's the state's first-ever income tax, pushed by progressives and opposed by conservatives.
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