Washington voters keep millionaires tax, splitting tech leaders over… | HappeningNow.news

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Washington voters keep millionaires tax, splitting tech leaders over the state’s competitive edge

The tax has divided the Seattle tech community since lawmakers unveiled the proposal in February. Some founders and investors warned it would drive talent and capital out of the state, while others called those fears overblown.

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Washington voters approved the state’s millionaire’s tax, a measure that has split the Seattle tech community since its proposal was unveiled in February. Some founders and investors warned the tax could push talent and capital out of Washington, arguing it would harm the industry’s growth. Other tech leaders dismissed those concerns as exaggerated, saying the fears do not reflect the sector’s resilience.

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