Washington business owners fear socialist ‘millionaires tax’ is driving businesses out — and they’re next

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Washington shop owners, talk show radio host Arri Hoffman and a local democratic socialist, Rep. Shaun Scott, discuss the impact of the state’s new "millionaires tax" and how socialist economic policy is impacting local business. SEATTLE—Business owners in Washington State are worried that the recently passed "millionaires tax" will drive economic activity out—and even target them next. "There's a lot of fear and trepidation with what's going on in our government when it comes to taxes," Matt Humphrey, a Seattle barber who has locations in the Ballard and Roosevelt areas, told Fox News Digital. "This new millionaire's tax is definitely going to impact us," Humphrey said. "We're afraid … they treat us a bit like an ATM when it comes to paying out taxes as a small business." Steve Gordon, principal of Gordon Truck Centers, a truck dealer in Pacific, Wa