Seattle Democrat rejects wealth 'exodus’ concerns as businesses flee for lower-tax states

The Seattle state lawmaker behind Washington’s newly minted "millionaire's tax" is dismissing concerns that a high-income tax hike will trigger an exodus of wealthy residents and businesses from the Pacific Northwest.  

"The reality is the millionaire tax is not likely to result in businesses leaving," State Sen. Jamie Pedersen (D-Seattle) told a local FOX affiliate following the bill’s signing.

Pedersen, the Senate Majority Leader representing Washington's 43rd Legislative District...