Former Starbucks CEO Howard Schultz leaves Seattle as local lawmakers mull millionaire tax
CBSN
Former Starbucks chief executive Howard Schultz said in a LinkedIn post that he and his wife are moving from Seattle to Florida after more than four decades in the city, where he helped build the coffee chain into a global brand. Edited by Alain Sherter In:
Former Starbucks chief executive Howard Schultz said in a LinkedIn post that he and his wife are moving from Seattle to Florida after more than four decades in the city, where he helped build the coffee chain into a global brand.
His announcement comes as Washington state lawmakers advance a so-called millionaire tax that would levy a nearly 10% annual tax on personal earnings over $1 million.
Schultz didn't cite the wealth tax in his announcement, posted late Tuesday, about his planned move to Florida. But he wrote that he hopes Washington state "will remain a place for business and entrepreneurship to thrive, creating essential opportunity for those in Seattle and the surrounding areas."
Wealth taxes are sparking debates among lawmakers and policy experts about whether they could cause high-income residents to move to locations with more favorable tax laws.
In California, a proposed ballot initiative would institute a one-time 5% tax on the state's estimated 255 billionaires — a move that some opponents, including Gov. Gavin Newsom, have warned could trigger an exodus of ultra-wealthy residents.
Gasoline prices inched higher on Monday with Brent crude remaining above $100 per barrel, as the Strait of Hormuz, a vital shipping lane for the global energy supply, remains paralyzed amid the Iran war. In:
Travelers continue to face long lines at airports across the U.S. due to the partial government shutdown affecting TSA agents. In:
A haunting whale song discovered on decades-old audio equipment could open up a new understanding of how the huge animals communicate, according to researchers who say it's the oldest such recording known. In:
Mexican authorities have arrested a suspected drug trafficker who played a key role in the raid that led to the death of Mexican drug lord Nemesio Oseguera last month, the defense ministry said on Sunday. In:
UConn edged UCLA as the No. 1 overall seed in women's NCAA Tournament when the bracket was announced Sunday night. In:
Americans eager for lower borrowing costs may have a long wait ahead of them. Edited by Alain Sherter In:
Gunnar Henderson and Roman Anthony homered and the United States limited the Dominican Republic's electric offense to win a thrilling semifinal 2-1 on Sunday and move one win from capturing its second World Baseball Classic championship. In:
The documentary "All the Empty Rooms," which memorialized children killed in school shootings through a look at the bedrooms they never returned to, took home the Oscar for Best Documentary Short at the 98th Academy Awards on Sunday. In:
A tie at the 2026 Oscars on Sunday marked a rare moment for the movie awards ceremony — the seventh time in the academy's history that two awards were given for one category. In:
Texas Republican Rep. Dan Crenshaw said Sunday that President Trump is "doing what's needed" as the Pentagon is set to deploy a few thousand more Marines to the Middle East as tensions escalate between the United States and Iran. In:
On this "Face the Nation with Margaret Brennan" broadcast, moderated by Margaret Brennan: In:
Three weeks after the United States beat Canada in the Olympic ice hockey finals, the Americans overcame their neighbors again to win Paralympic gold and complete the three-peat at Milan Cortina. In: